According to the cancellation policy of Iberia Airlines, passengers are allowed to cancel their flights within 24 hours of purchase without any difficulty. In addition, they will also get a full refund for their cancellation without paying the flight cancellation charges.
If you cancel your flight after the 24-hour grace period, you will be charged an
Iberia flight cancellation fee depending on the type of fare (refundable or non-refundable), directions, instructions, and other booking information.
If you have booked your Iberia Airlines flight tickets through OTA (online travel agency) or a travel agent, you will need to contact them to cancel your flight.