Icelandair Cancellation Policy varies by ticket type, ensuring flexibility for travelers. If you cancel within 24 hours of booking, you may receive a full refund regardless of fare. After that, refund eligibility depends on the fare rules. Economy Light fares are usually non-refundable, whereas Flex fares provide better refund options. The policy also allows modifications, although fees might apply. Cancellations can be processed online or by contacting support. Always review your ticket conditions before booking. Icelandair’s clear guidelines help passengers manage last-minute changes or emergencies effectively. For the most accurate information, visit Icelandair’s official website before making decisions.