The Icelandair cancellation policy provides travelers with reliable options when plans change. You can cancel flights online or by contacting customer service, with policies varying based on ticket type. Economy Flex and Saga fares generally allow refunds, while Economy Light may not. A full refund is typically available if you cancel within 24 hours of booking. For cancellations after that, a fee might apply. Icelandair also issues travel vouchers in some cases. Reviewing the fare conditions before booking ensures a smoother process if you need to cancel. This customer-oriented policy reflects Icelandair’s commitment to service excellence and travel flexibility.