Hi all, the Qantas website says the terms for cancellations on the "flex" ticket are
The refund will be the difference (if any) between the fare paid and the applicable fare for the journey travelled
When making a booking and you go to the fare selection type page, it shows that there is no fee for cancellations when booking the flex type ticket. So, I don't understand what the term above means.
Can someone please help clarify?
For example:
- I book a one-way ticket today and the price is $500
- Then in 3 months from now the price drops to $450
- Then I cancel the booking (before the journey commences).
Does that mean they will only refund me $450 instead of $500? because that is the "current" price?
Thank you.

In this example, you would have to do a full cancel/refund to get $500 back and book again @ $450.
But you'll have to cover both fares while you wait forever for the refund.