There are also 'in between' fares - not fully flexible, cancel with no charge etc. but not 'no changes no refunds' either - you get to make changes or cancellations with a penalty - and they often are not 3x more (a little more, yes). I know quite a few people who choose those.
Originally Posted by
Often1
Originally Posted by
BearX220
People... or companies? I presume that's your employer, not you, springing for paid F for 2+ hours. For most normal people the idea of spending 3X your own money to secure a refundable ticket is not tenable at all. Do you do it when it's your dime?
Usually. I need flexibility and I'm willing to pay for it for non-business travel. I know it's expensive, but it's what I need. If you don't need flexibility, don't pay for it and accept the fact that there are occasions when things are beyond your control and you made the wrong choice.