What is the LATAM cancellation policy? Latam offers a 24-hour risk-free cancellation policy. You can cancel any flight within 24 hours of booking and receive a full refund {+๐ญ-๐ด๐ฌ๐ญ-๐ด๐ฌ๐ฐ-๐ด๐ฌ๐ญ๐ฎ} (US โ OTA)(AM โ 801)} , as long as the flight is scheduled to depart at least 7 days after the booking. LATAM Airlinesโ cancellation policy depends on your ticket type.