According to Alaska Airlines' cancellation policy, a cancellation fee is not charged if you cancel your Main Cabin tickets within 24 hours of making your reservation. You will be liable for a cancellation cost of USD 125, nevertheless, if the risk-free period expires. As a reminder, if you are an MVP Gold member or your journey is taking place within the state of Alaska, you won't be required to pay anything for these fares. If a cancellation fee applies, it will be deducted from the price of your ticket following the cancellation, and the remaining amount will be given to you as credit points that can be applied to future bookings. The complete year following the ticket's issue is covered by this credit.