The airline gives all passengers a one-day window after booking to cancel tickets if they have some second thoughts on a travel decision. Please note that this window is only for the first 24 hours after purchase and you will be required to pay a Virgin Australia cancellation fee to cancel Virgin Australia flight tickets after this fixed time. This fee depends on various factors which may or may not apply to all passengers. Type of fare selected by passenger during reservations, duration between time of cancellation and flight departure, number of tickets selected for cancellation, time of cancellation (off-season or peak season cancellation fees are different) origin of flight, destination of flight, place of reservation and many more. This time frame, set under Virgin Australia cancellation policy, works as a boon for passengers who make a mistake while making a reservation, as they can cancel and rebook an existing booking without incurring any Virgin Australia cancellation fees. But passengers who do not comply with the restrictions will have to pay cancellation charges.