What is the difference between non-refundable, refundable, non-transferable and transferable tickets?
Non-refundable tickets are the least expensive type of ticket that you can buy, but you cannot get your money back if you decide not to travel. Generally you can apply an unused non-refundable ticket toward a future flight, minus any applicable change fees (usually $100). Unused non-refundable tickets usually are valid for only one year after the ticketing date. Commonwealth travelers are mandated to accept non-refundable tickets due to the cost savings unless the nature of their work makes purchasing refundable tickets more cost-effective. Refundable tickets are usually much more expensive than non-refundable tickets, but they allow you to get your money back if you cancel your flight plans. Non-transferable tickets can only be used by the passenger whose name appears on the face of a ticket. Nearly all tickets are non-transferable. Usually, a ticket is transferable only if it is refundable. To transfer the ticket, the ticket must be refunded and a new one purchased under the new pass
