Are you willing to drop an Alaska Airlines flight? Under the Alaska cancelation policy, basic Economy bookings are non-refundable and non-alterable external 24 hours of buying. The cancellation request is subject to the penalty. The charge might change with the trip type, lodge class, and the passage rule related to the booking. In case of the death of a traveler, traveling companion, or immediate family member, the airline will waive the cancellation fee. The refund would apply to the unused segment.