Yes, Iberia Airlines offers a 24-hour cancellation policy, allowing travelers to cancel their bookings without any penalty within 24 hours of purchase. This policy applies to all types of tickets as long as the booking is made at least seven days before the departure date. After the 24-hour window, the standard fare rules apply, which may include fees or restrictions on refunds for non-refundable tickets.
This policy is ideal for travelers who need flexibility in case plans change shortly after booking.