Some airlines waive their penalty fees when you cancel your flight and take travel credits instead. This allows you to cancel now and book new flights at a later date once you are ready to travel again.
New flights must be within the airline's requirements, which usually consist of a rebooking deadline or travel-must-commence-by date. These are typically 1 year after date of purchase, but can sometimes be extended by the airline.
All Cancellations & Refunds questions New flights must be within the airline's requirements, which usually consist of a rebooking deadline or travel-must-commence-by date. These are typically 1 year after date of purchase, but can sometimes be extended by the airline.