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Passengers may cancel a flight booked on British Airways within 24 hours after the purchase, following the British airways 24 hour cancellation policy. If you booked your flight with British Airways more than a week before it was scheduled to depart, you will receive a full refund of your ticket price. British Airways has the right to modify its 24-hour cancellation policy at any moment. If a person cancels a British Airways ticket a few hours before takeoff and the travel was booked no more than a week in advance, the airline will ask the passenger to pay a penalty that will entirely depend on the British Airways fare policy.