Alaska Airlines Cancellation P olicy In accordance with Alaska Airlines' 24-hour cancellation policy, you can cancel any flight ticket within 24 hours of purchase and get a full refund if travel time begins more than 24 hours after ticket purchase. This applies to all types of tickets, including discount prices. Please note that the 24-hour cancellation policy will only apply to tickets booked for travel commencing more than 24 hours after the time of booking. If you cancel your ticket within 24 hours of departure, you will have to pay a cancellation fee. Funds will be refunded to your original payment method, ie and. if you paid by credit card, the amount will be refunded to your credit card. Alaska Airlines cancellation fee Per Alaska Airlines cancellation policy, if you cancel an airline ticket (other than a saver ticket) within 24 hours of departure, you will be charged a $125 cancellation fee.