This policy applies to all types of airline tickets offered by airlines. You can get a full refund if your booked ticket is canceled within 24 hours of booking. American Airlines flight cancellation may take at least 7-10 business days for any refund to appear in your account. Tickets purchased in Basic Economy Class can now be canceled within 24 hours of booking.
American airlines have two types of fare structures, and the cancellation policy is different for both.
American Airlines Basic Economy - The refund of this ticket cancellation fee is valid within 24 hours from the date of purchase. There is a ban on changing or canceling flights after 24 hours.
American Airlines Economy - Cancellation of tickets within 24 hours of booking the flight is a 100% Full Refund Guarantee. After 24 hours, the cancellation fee will be $200, the rest will be transferred to the customer's account. If the flight is not delivered at the time of departure, the airline will pay off the loan in the form of a loan for an automatic flight.