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Ryanair cancellation policy offers a choice between non-refundable and refundable tickets, allowing travelers to balance cost and flexibility. Opting for a non-refundable ticket typically means savings, with the option to make changes for a fee. Alternatively, refundable tickets provide peace of mind by offering potential refunds in unforeseen circumstances. It's essential to grasp the specific conditions and fees associated with each option and stay updated on policy details through Ryanair official channels.