Under the Southwest Airlines cancellation policy, if a passenger cancels a non-refundable ticket, the fare is converted into travel funds. These funds can be used for future bookings and are typically valid for one year from the original purchase date. For refundable tickets, such as Business Select or Anytime fares, passengers can receive a full refund to their original form of payment upon cancellation. At the heart of Southwest Airlines' cancellation policy is their "no change fees" rule. This means passengers can modify or cancel their reservations without incurring additional charges, regardless of the fare type purchased. This applies to all tickets, including their lowest-priced Wanna Get Away fares.