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Icelandair Airlines Cancellation Policy & Refund

Icelandair Airlines Cancellation Policy

Learn more about the latest updates on Icelandair Cancellation Policy in 2023 here. 

If you are a regular passenger, you might have an idea of how important it is to know about the cancellation policy of your air tickets. Hence, the Icelandair Cancellation Policy will also be necessary to learn if you decide to fly with the low-cost airline from Iceland.

Icelandair Cancellation Policy

Iceland Air cancelation policy has different provisions for cancellations and refunds per the fare conditions. Also, the requirements apply to flights bought from the original and direct sources of the airlines only. Find out more:

  • Firstly, different rules apply if you’ve bought tickets through a third-party agent.
  • Icelandair Cancellation Policy lets you cancel a booking till 2 days before departure when canceled within 24 hours of purchase.
  • Also, the 24-hour facility is not available for group bookings of 10 and more people. 
  • However, conditions would differ per fare rules when your cancelation doesn’t follow the 24-hour rule.
  • Refund processing time is 7 business days for credit card payments.
  • However, the refund processing time is 20 business days if paid for the booking through cash.
  • Lastly, Icelandair Cancellation Policy may change if there is travel insurance coverage.

Find out what Icelandair cancel policy conditions apply to your reservation by dialing 1 (800) 223-5500 and talking to a 24/7 available representative. 

Does Iceland Air Have A 24 Hour Cancel Policy?

Yes, it does. The air carrier lets you cancel your flight within 24 hours of booking for free. Here are the 24-Hour Icelandair Cancellation Policy conditions:

  • Passengers must cancel their flight within 24 hours of purchase.
  • At the time of booking, the flight’s date of departure must be scheduled 2 or more days later.
  • Further, fee-free cancellation applies only to direct bookings from official sources.
  • The facility is not available for third-party agent bookings.

After the 24-hour period, a standard cancellation fee will apply depending upon their refundability or non-refundability.

Icelandair Cancellation Policy Fee

Iceland air cancellation policy fee is usually USD/CAD 75 (or equivalent) per direction. However, depending on current fare rules, the exact amount might be less or more. 

However, if you buy the consumer protection plan during ticket reservation or till 36 hours of purchase, you don’t need to pay any cancellation fee: 

Ticket TypeIceland Air Cancellation Policy Fee
Domestic Iceland route17 USD
Economy Class tickets27 USD
Saga Class tickets47 USD

The cancellation protection fee will protect passengers against penalty charges for cancellations due to the death, illness, or accident of a partner or immediate family. Other severe events are also covered here.

How Do I Cancel My Icelandair Flight?

You can cancel your ticket online and offline with the Icelandair flight cancellation policy. Follow the step-by-step method to cancel your reservation online:

  • Go to the website icelandair.com
  • Scroll down the page and click manage booking.
  • Further, type in your last name and booking reference.
  • Check booking details and look for flight cancellation options.
  • Depending on fare rules and cancellation time, you will see deductions.

Follow along the process to cancel your flight with Icelandair’s cancel policy. You will receive a refund in the original form of payment if fare rules permit.

What Is Icelandair Cancellation Policy For Domestic And International Flights?

Domestic Flights
Economy Light
  • 100% fare nonrefundable.
  • Any surcharges are also non-refundable
  • Only the unused airport taxes and govt fee is refundable.
Standard Economy
  • 100% fare nonrefundable.
  • Any surcharges are also non-refundable
  • Only the unused airport taxes and govt fee is refundable.
  • On flex fare upgrades, original conditions still apply. However, the flex upgrade fee is refundable.
Economy Flex
  • Receive a full refund upon cancellation, only when you cancel a flight from the official site of Icelandair before the flight’s take-off.
  • If a non-refundable ticket is upgraded to flex, the original conditions will apply.
International Flights
Economy Light
  • 100% fare nonrefundable.
  • Any surcharges are also non-refundable
  • Only the unused airport taxes and govt fee is refundable.
Standard Economy
  • 100% fare nonrefundable.
  • Any surcharges are also non-refundable
  • Only the unused airport taxes and govt fee is refundable.
  • On flex fare upgrades, original conditions still apply. However, the flex upgrade fee is refundable.
Economy Flex
  • 100% unused bookings are refundable after a fee upon cancellation.
  • Partially used reservations are refundable upon deductions.
  • If a non-refundable ticket is upgraded to flex, the original conditions will apply. Only the difference would be refundable.
Saga Premium
  • 100% fare nonrefundable.
  • Any surcharges are also non-refundable
  • Only the unused airport taxes and govt fee is refundable.
  • If a non-refundable ticket is upgraded to flex, the original conditions will apply.
Saga Premium Flex
  • Unused or partially used reservation is refundable. 
  • If a non-refundable ticket is upgraded to flex, the original conditions will apply.

Passengers can find out the complete & updated fare conditions and cancellation rules by dialing 1 (800) 223-5500 or 1 (860) 374-7617.