American Airlines cancellation policy is designed to offer flexibility and options to passengers. For tickets booked at least two days before departure, customers can cancel within 24 hours of booking without incurring fees, receiving a full refund. After this period, cancellation options vary based on ticket type. Refundable tickets can be canceled any time before the flight, with customers receiving a full refund. Non-refundable tickets are typically not eligible for a refund unless canceled under specific circumstances like illness or schedule changes by the airline. Instead, passengers may receive a credit for future travel. It's crucial to understand the specific terms of your ticket, and American Airlines encourages passengers to reach out directly for personalized assistance or visit their website for detailed information.