The 24-hour cancellation policy of American Airlines applies to all types of airline tickets. Furthermore, if you cancel your flight reservation within 24 hours after the booking date, you will receive a full refund. Now, this regulation applies to American Airlines Basic Economy rates as well. Any refunds issued as a result of Canceling an American Airlines flight take 7-10 business days to appear in your account.

There are various fare options that carry a minimal or obligatory American Airline cancellation fee after 24 hours. We've put up a list of ticket kinds and their associated cancellation fees. The cancellation policy of American Airlines differs depending on the kind of ticket booked. Particularly in economy class, there are two sorts of pricing. Economy and basic economy. Pay close attention to these items, since they include all relevant information concerning both types of fares.