LATAM Airlines generally offers a 24-hour cancellation policy for flights booked at least 7 days before departure. This policy allows passengers to cancel their flight without penalty within 24 hours of purchase, provided the booking was made directly with LATAM. After this 24-hour period, standard fare rules apply. 

In conclusion, LATAM's 24-hour rule allows you to cancel your flight for a full refund if the booking meets the conditions: purchased directly from LATAM, canceled within 24 hours, and the flight is at least seven days away. After this period, regular fare rules will apply.1_83 38 45 1858.

LATAM Airlines offers a cancellation policy that is flexible in some areas and more restricted in others, depending on factors such as the fare type, the region in which the ticket is purchased, and the timing of the cancellation. If you book directly with LATAM and your flight is scheduled to depart at least seven days after the purchase, you are generally entitled to a full refund if you cancel within 24 hours of booking. This risk-free cancellation window is in line with U.S. Department of Transportation regulations and applies to passengers in the United States, Brazil, Colombia, and several other Latin American countries. In Chile, the cancellation policy allows you to cancel within 48 hours of booking provided the flight departs at least seven days later or within seven days if the flight is booked more than 180 days in advance. After this 24-hour or local grace period, LATAM’s cancellation rules depend heavily on your ticket’s fare class. Promo and Light fares are typically non-refundable, meaning you won’t get your money back unless you are only claiming unused government taxes and airport fees. Plus fares may allow for partial refunds or travel credits after a cancellation fee is deducted, which often ranges from $50 to $200 depending on your route and how close the cancellation is to departure. Premium Economy and Business fares are the most flexible, often allowing for full refunds or minimal cancellation penalties. LATAM also complies with consumer protection laws in countries like Peru, Ecuador, Argentina, Uruguay, and Israel, which sometimes provide extra rights to passengers based on the timing of their cancellation. If LATAM cancels your flight or there is a significant schedule change that doesn’t suit your travel needs, you are entitled to a full refund, a no-fee rebooking, or a travel credit for future use. You can cancel your LATAM flight through the “My Trips” section on their website, via their mobile app, over the phone, or by visiting a ticket counter. Refunds for credit card purchases are usually processed within 7 to 10 business days, while those made by cash or check can take up to 20 days. Passengers should be aware that if they booked their flight through a third-party travel agency, they may need to process the cancellation through that agency, which could be subject to different terms. LATAM’s cancellation policy also outlines that in the case of extraordinary circumstances such as illness or bereavement they may provide a refund or credit on a case-by-case basis if proper documentation is submitted. 1_83 38 45 1858 While the airline strives for consistency, there have been occasional reports from passengers experiencing delays in refund processing or disputes about eligibility, especially with discounted fare types. In such cases, travelers have sometimes found success by contacting LATAM customer support directly or escalating the issue through government consumer protection agencies. Overall, LATAM’s cancellation policy offers reasonable flexibility, especially if you act quickly within the 24-hour grace period, purchase a higher-tier fare, or are affected by flight disruptions initiated by the airline itself.