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British Airways cancellation policy allows passengers to cancel their bookings within 24 hours of purchase for a full refund, provided the reservation was made at least a week before the flight. Beyond this period, cancellation fees may apply, varying based on the ticket type. Non-refundable tickets typically do not qualify for any reimbursement, while refundable tickets offer more flexibility. It's advisable to review the specific terms and conditions associated with the fare type when considering cancellation. Additionally, changes in travel plans might incur additional charges, and passengers are encouraged to check the latest policy updates on the official British Airways website.