LATAM Airlines offers a 24-hour cancellation policy allowing passengers to cancel their flight bookings within 24 hours of purchase for a full refund, provided the booking was made at least seven days before the scheduled departure date. This policy applies only to tickets purchased directly through LATAM’s official website, app, or customer service, and does not usually cover bookings made via third-party agencies. The purpose of this rule is to give travelers a risk-free period to correct mistakes or change their minds without financial penalties. If cancellation occurs within the 24-hour window and meets eligibility, LATAM refunds the full amount to the original payment method. Refund processing times vary but typically take about seven business days for credit card payments. If canceled after 24 hours or if the flight departs in less than seven days, the 24-hour rule no longer applies, and refund eligibility depends on the fare type. Non-refundable tickets usually only return taxes and fees if canceled outside this window. It is important to review the fare conditions before booking, as promotional or discounted fares may have different restrictions. To cancel within 24 hours, passengers should use the Manage Booking section on LATAM’s website or contact customer service directly. Bookings made through third parties require cancellation through those agents. LATAM’s 24-hour policy follows regulations similar to those mandated by the U.S. Department of Transportation and other relevant authorities, ensuring passengers have fair cancellation rights. Beyond the 24-hour period, refund and cancellation options depend on the specific ticket rules, fare type, and timing of the cancellation. Travelers should keep confirmation emails and documentation as proof of cancellation and refund requests to avoid disputes. In some cases, travel insurance may offer additional coverage beyond LATAM’s policy. For group or special fare bookings, different terms may apply, so checking those details is advised. If technical issues arise during cancellation, contacting LATAM’s support by phone is recommended. LATAM may also provide travel vouchers instead of cash refunds for certain cancellations, valid for future use within a set timeframe. Overall, the 24-hour cancellation rule offers passengers a valuable opportunity to cancel bookings risk-free shortly after purchase, but it is essential to understand the conditions, act quickly, and verify booking channels to ensure eligibility. Understanding this policy helps travelers manage their reservations with flexibility and confidence.