In reserving flights, one should take the cancellation process into consideration so that they do not miss this chance to cancel. Ticket purchasing buyers of airlines are not at liberty to make arrangements about travelling till one reaches the gate. It is a regular occurrence that there are last-minute cancellations, and to eliminate stress due to these cancellations, Lufthansa Airlines has a lenient cancellation policy. It is also dependent on the circumstances that change the Lufthansa Airline Flight Cancellation policy, such as the type of ticket and the time at which the cancellation happens, or any other special factors.

Lufthansa Airlines’ 24-hour Cancellation Policy

Just like the other airlines do, Lufthansa provides travelers with the chance to cancel their flight without incurring a fee within 24 hrs after booking. This regulation enables passengers to cut down on the money they have to spend on getting back. This regulation is applicable to most of the costs other than the price of those tickets that had been purchased within a period of fewer than seven days before the estimated flight date. This facility, which does not involve cancellation but rather allows one a 24-hour time to correct their mistake or find a shortcoming in the reservation, is a comfortable one for those who have already repented or have realized that they made a mistake in their reservation. And in case you're not taking the window, you will be charged under the fare conditions. 

Fare Conditions and Rules for Lufthansa Airlines Cancellation Policy 

 The airline offers types of fares like Economy, Premium Economy, Business, and First Class as well. Know that within these many categories, the fares can be refundable or non-refundable. Please note that usually:-
The Non-Refundable fares are quite expensive, but less rigid, and in case of cancellation 24 hours later, they are most likely to get their money back without any problems. 

 Refundable fares are more expensive than upfront fares, but also come with flexibility in terms of canceling the flight at a distinguished rate without penalty in the majority of cases. 

 People who got higher-class tickets (Business and First Class) usually enjoy more flexible cancellation rates than Economy flyers.