Yes, you can avoid penalties when canceling an American Airlines flight by canceling within the first 24 hours of booking, provided the departure is more than 48 hours away. Refundable tickets also offer more flexibility, allowing cancellations without penalties. For non-refundable tickets, penalties apply after the 24-hour window, but you may receive travel credit instead of a refund. You can also minimize the risk of penalties by purchasing travel insurance, which can cover cancellation fees under specific conditions. Always read the fare terms when booking to understand your options.
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