The Virgin Australia cancellation policy varies based on the fare type you purchase. Flex fares offer the most flexibility, allowing cancellations with a full refund or travel credit. For Choice and Lite fares, cancellations are usually non-refundable, but you may be eligible for a credit depending on the timing. Cancellations made within 24 hours of booking may qualify for a full refund if the flight is at least 7 days away. You can cancel through the Virgin Australia website or by contacting customer service. Always review your fare conditions carefully to understand the fees and eligibility before making changes.