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Southwest Airlines has a flexible cancellation policy. They provide both refundable and non-refundable tickets. Tickets that are refundable can be cancelled or altered without penalty, however non-refundable tickets may incur cancellation costs. The ticket value for non-refundable "Wanna Get Away" flights is converted into Travel Funds for future usage. If there are available seats, same-day adjustments are free of charge. If customers do not cancel or show up for their flights, the fare is lost, with no refunds or credits. Specific fare regulations and terms should be reviewed because they may differ. Overall, Southwest cancellation policy gives travellers with flexibility and alternatives.