Icelandair Cancellation Policy (2026) — Change Fees, Refunds & How to Cancel
If you book a ticket through Icelandair's booking channels, you can cancel the ticketed reservation without penalty and receive a refund if the reservation is made more than 2 days prior to the scheduled flight departure and is cancelled within 24 hours after purchasing.
24-Hour Rule
Yes — free cancellation within 24 hours of booking. If you book a ticket through Icelandair's booking channels, you can cancel the ticketed reservation without penalty and receive a refund if the reservation is made more than 2 days prior to the scheduled flight departure and is cancelled within 24 hours after purchasing.
Cancellation Fees
| Fare Class | Fee |
|---|---|
| Basic Economy | Economy Light and Economy Standard are non-refundable. Unused government/airport taxes are refundable. |
| Main Cabin | Economy Flex is fully refundable. |
| Premium | Saga Premium is non-refundable. Saga Premium Flex is fully refundable. |
| Business | Saga Premium Flex is fully refundable. |
Change Fees
| Fare Class | Fee |
|---|---|
| Basic Economy | Not permitted for Economy Light. For Economy Standard, change fee applies (e.g., $250 USD for US to Europe). |
| Main Cabin | Economy Flex allows changes without a change fee, but fare difference may apply. |
| Premium | Saga Premium allows changes for a fee. Saga Premium Flex allows changes without a change fee. |
| Business | Saga Premium Flex allows changes without a change fee. |
Refund Method
Refunds for eligible tickets or taxes are issued to the original form of payment.
Same-Day Change
Subject to fare rules and availability; typically requires paying fare difference and applicable change fees.
No-Show Policy
No-show ticket is not valid for later use or refund. Remaining return and/or onward reservations will be automatically canceled.
How to Cancel
- Go to the Icelandair website.
- Navigate to 'Manage booking'.
- Enter your booking reference and last name.
- Select the option to cancel your flight and follow the prompts to request a refund if applicable.
Tips
- Cancel within 24 hours of booking for a full refund if booked at least 2 days before departure.
- Consider purchasing Cancellation Protection if you might need to cancel due to illness.
- Even for non-refundable tickets, you can request a refund for unused government and airport taxes.
- Group bookings of 10 or more have different cancellation rules.
Frequently Asked Questions
- What is Icelandair cancellation policy?
- Icelandair cancellation policy allows free cancellation within 24 hours of booking (must be booked 7+ days before departure for US flights). After 24 hours: Main Cabin — economy flex is fully refundable.. Basic Economy — economy light and economy standard are non-refundable. unused government/airport taxes are refundable..
- Can I cancel a Icelandair flight for free?
- Yes — If you book a ticket through Icelandair's booking channels, you can cancel the ticketed reservation without penalty and receive a refund if the reservation is made more than 2 days prior to the scheduled flight departure and is cancelled within 24 hours after purchasing. Economy Flex is fully refundable.
- What is Icelandair's change fee?
- Main Cabin: Economy Flex allows changes without a change fee, but fare difference may apply.. Basic Economy: Not permitted for Economy Light. For Economy Standard, change fee applies (e.g., $250 USD for US to Europe)..
- How do I get a refund from Icelandair?
- Refunds for eligible tickets or taxes are issued to the original form of payment.
- What happens if I no-show on Icelandair?
- No-show ticket is not valid for later use or refund. Remaining return and/or onward reservations will be automatically canceled.