Yes, Norse Atlantic Airways allows passengers to cancel their bookings within 24 hours of purchase and receive a full refund, as long as the flight is scheduled to depart at least seven days after the booking date. This 24-hour risk-free cancellation policy applies to all types of fares offered by the airline, including Economy Light, Economy Classic, Premium Light, Premium Classic, Economy Flextra, and Premium Flextra. The purpose of this rule is to give travelers a grace period to change their minds or correct any mistakes without penalty. If the booking is canceled within this time frame and the flight is not within the next seven days, the full amount paid is returned to the original form of payment. However, if the flight departs in fewer than seven days, this risk-free cancellation option does not apply, even if the cancellation is made within 24 hours.

To take advantage of the 24-hour cancellation policy, passengers can log in to their Norse Atlantic account or visit the airline’s website, go to the "Manage Booking" section, and select the option to cancel the reservation. After submitting the cancellation request, the airline processes the refund, which typically takes around seven to fourteen business days depending on the payment method. It is important for travelers to save their confirmation and cancellation details in case any issues arise with the refund process.

Once the 24-hour period passes, the cancellation and refund policy varies depending on the fare type. Economy Light and Premium Light tickets are generally non-refundable after the 24-hour window, and passengers cannot receive a refund unless they qualify for a refund of taxes only. Economy Classic and Premium Classic fares also do not offer refunds after the first 24 hours, but they may allow changes for a fee. Economy Flextra and Premium Flextra fares offer more flexibility. If passengers cancel more than two days before the flight, they may receive a travel credit instead of a cash refund. This credit is usually valid for up to twelve months and can be used for future bookings with Norse Atlantic Airways. However, if the cancellation is made less than two days before departure, the ticket becomes non-refundable, even for Flextra fares.

It is also important to note that Norse has a strict no-show policy. If a passenger does not show up for their flight without canceling in advance, the entire value of the ticket is lost. In such cases, no refund or credit is provided, and the passenger cannot reuse the ticket value for another booking. This makes it very important to cancel the booking as early as possible if the travel plans change.

In conclusion, Norse Atlantic Airways does allow 24-hour cancellations with a full refund if the flight is at least seven days away from the time of booking. This policy gives passengers flexibility and peace of mind when booking their travel. After the 24-hour window, refund and cancellation terms depend on the fare type, with Flextra fares offering more options than Light or Classic fares. To avoid losing the full ticket value, it is recommended to review fare conditions carefully and take prompt action when changes are needed.