Icelandair Cancellation Policy varies by fare class and timing. If you booked your flight directly with Icelandair, you can cancel within 24 hours for a full refund. Economy Light fares are generally non-refundable, while Economy Flex and Saga Premium offer better cancellation terms. In many cases, Icelandair will provide travel credit if a refund isn’t available. Refunds are processed promptly, and passengers can manage cancellations online via the "Manage Booking" tool. For changes or special cases, customer support is available. Icelandair’s approach balances affordability with flexibility, making it easier for travelers to adjust their plans when needed.
