The American Airlines cancellation policy is that it provides flexibility and convenience to travelers in all its class of service. Cancel within 24 hours of booking and your flight is more than two days away, and you will get a full refund. Refundable ticket cash refund, non-refundable ticket travel credit When you cancel,for any reason, your ticket will be processed according to the refundability type of your fare. If the flight is cancelled by American Airlines, passengers may select refund or rebooking free of charge. To cancel your ticket, go to the airline site Manage Trips. For more great travel advice, go to Flyinguidelines.com.