You will be charged a cancellation fee if you cancel within 24 hours of your reservation. To determine refunds, the airline will apply a Virgin Atlantic Cancellation Refund Policy .The airline will deduct the cancellation fee from the total cost of your ticket and credit your account for the remaining amount in three weeks. I'll be going to Virgin Atlantic with an airline membership. You have to pay $50 in order to get a refund. If you don't cancel your ticket within 24 hours, there will be additional fees for a non-refundable ticket.