Flight tickets issued seven or more days prior to departure may benefit from Icelandair's 24-hour flight cancellation policy.
If you need to cancel your ticket and refund for Icelandair flights or not under certain conditions, you can return it quickly. We have covered them below so you can go through them.
If you cancel your ticket within 24 hours of your purchase, you will be refunded immediately. It depends on the type of ticket and the class you are traveling to
To protect the rights and interests of passengers, the airline provides refunds in credit or bank accounts which are used to purchase genuine tickets.
Icelandair Cancellation Policy says If you purchased an award ticket and want a refund, you need to contact the Icelandair local ticketing office for assistance. The online portal does not support award ticket refunds. Therefore, to process the Icelandair Air Refund application for the award ticket, you need to go to the airport or the ticket office.
Only refundable flight tickets can request a refund. If you book a non-refundable flight ticket, you will not receive a refund although you may receive certain travel points.
Once you request a refund and face any delay, you need to contact the bank or payment interface you used to purchase tickets.