Iberia provides refunds for tickets cancelled within 24 hours of purchase. For cancellations made after this window, eligibility for a refund depends on your fare type. Refundable fares are more flexible, but non-refundable tickets may only allow a voucher or partial refund. Be sure to review the conditions of your fare to understand the exact policy for your reservation. You can initiate the cancellation and refund process directly through Iberia’s website.