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Alaska Airlines offers a flexible cancellation policy for most bookings, letting customers cancel flights with no fee. This policy is valid for all tickets booked directly with the airline, including standard and non-refundable fares. If you cancel within 24 hours of booking, you will usually receive a full refund, provided the flight is scheduled at least 2 days later. For cancellations after 24 hours, the airline may issue credit for future travel, depending on the fare rules and any changes to your flight. It's crucial to confirm the current policies, as they may evolve due to factors like travel disruptions or special promotions.