All American Airlines reservations must be canceled at least 24 hours in advance. There is no refund for cancellations made more than 48 hours in advance. If a reservation is canceled within the first 24 hours of its booking, the customer is required to pay all applicable charges and fees associated with that reservation including airfare, taxes and fees, without any refund. With American Airlines Cancellation Policy , Cusotmers can cancel their fight at no cost or with very small fee.