Iberia Airlines Cancellation Policy allows travelers to easily cancel their booking at least 24 hours before a scheduled flight departs. If a passenger cancels a ticket after 24 hours, a cancellation fee will be charged on each ticket. If you wish to cancel your Iberia Airlines Flight Ticket. It is recommended that you obtain information on your Iberia Airlines cancellation policy before proceeding. Call Us:+1-888-441-7259.