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As of now, Alaska Airlines offers a flexible cancellation policy for most bookings, allowing customers to cancel flights without a fee. This policy applies to all tickets booked directly with the airline, whether they are standard or non-refundable fares. If you cancel within 24 hours of booking, you will typically receive a full refund, as long as the flight is at least 2 days away. For cancellations made after 24 hours, the airline may offer credit for future travel, but it depends on the specific fare rules and any changes to the flight. However, it's important to check the current policies, as they may change based on special circumstances, such as travel disruptions or promotions.