Iberia’s 24-hour cancellation policy allows you to cancel your flight within 24 hours of booking without incurring any fees, provided the flight is scheduled at least seven days later. This gives travelers peace of mind if they need to change plans shortly after booking. It's a convenient option for those who realize they made a booking error or need to adjust their itinerary right away.
However, if you miss the 24-hour window, Iberia’s standard cancellation rules apply, which may involve fees depending on your ticket type. More flexible fare types come with fewer restrictions on cancellations and changes, while basic fares may be non-refundable. To avoid surprises, it's always best to check the fare conditions before booking your flight.