Virgin Australia’s 24-hour ticket cancellation policy allows you to cancel your ticket within 24 hours from the date of booking without incurring any cancellation fees, irrespective of the type of fare. This policy applies to refundable and non refundable fares. If you require to cancel your ticket during the 24-hour period, you should be entitled to a full refund of your ticket price. The refund will be processed according to the original payment method used during the booking procedure. Please note that the terms and conditions of the 24-hour policy may differ depending on the ticket type, promotional offer, or other circumstances. It is always recommended to check the official website of the airline or contact customer service directly to get the most accurate and up to date information about the policy.