For tickets booked before 7th of April 2018, below terms apply:
Economy Light / Economy Special:
The fare is non-refundable (including any carrier-imposed surcharges). Unused government and/or airport taxes are refundable.
NOTE: When a customer books and tickets a reservation through Icelandair's US website, reservations system, ticket counters or offices with departure from the USA, has residence in the USA and pays in US dollars, Icelandair will allow the customer to cancel the ticketed reservation without penalty and receive a full refund if the customer cancels the reservation within 24 hours of purchase and if the reservation is made one week or more prior to scheduled flight departure. All other refunds will be according to fare rule.
Economy Standard: non-refundable
The fare is non-refundable (including any carrier-imposed surcharges). Unused government and/or airport taxes are refundable.
NOTE: When a customer books and tickets a reservation through Icelandair's US website, reservations system, ticket counters or offices with departure from the USA, has residence in the USA and pays in US dollars, Icelandair will allow the customer to cancel the ticketed reservation without penalty and receive a full refund if the customer cancels the reservation within 24 hours of purchase and if the reservation is made one week or more prior to scheduled flight departure. All other refunds will be according to fare rule.
Economy Flex:
Unused ticket is refundable less a cancellation fee of USD/CAD 75 (or equivalent) per each direction.
Partly used ticket is recalculated for the flown portion. Any residual value will be refunded less the cancellation fee of USD/CAD 75 (or equivalent), please note that booking fee and no-show fee may apply.
NOTE: When a customer books and tickets a reservation through Icelandair's US website, reservations system, ticket counters or offices with departure from the USA, has residence in the USA and pays in US dollars, Icelandair will allow the customer to cancel the ticketed reservation without penalty and receive a full refund if the customer cancels the reservation within 24 hours of purchase and if the reservation is made one week or more prior to scheduled flight departure. All other refunds will be according to fare rule.
Economy Comfort
Unused ticket is refundable, partly used ticket is recalculated for the flown portion and the residual value will be refunded. Please note that booking fee and no-show fee may apply.
NOTE: When a customer books and tickets a reservation through Icelandair's US website, reservations system, ticket counters or offices with departure from the USA, has residence in the USA and pays in US dollars, Icelandair will allow the customer to cancel the ticketed reservation without penalty and receive a full refund if the customer cancels the reservation within 24 hours of purchase and if the reservation is made one week or more prior to scheduled flight departure. All other refunds will be according to fare rule.
Saga Class
Unused ticket is refundable, partly used ticket is recalculated for the flown portion and the residual value will be refunded. Please note that booking fee and no-show fee may apply.
NOTE: When a customer books and tickets a reservation through Icelandair's US website, reservations system, ticket counters or offices with departure from the USA, has residence in the USA and pays in US dollars, Icelandair will allow the customer to cancel the ticketed reservation without penalty and receive a full refund if the customer cancels the reservation within 24 hours of purchase and if the reservation is made one week or more prior to scheduled flight departure. All other refunds will be according to fare rule.