Originally Posted by
MSPeconomist
However, the problem with EC261 is that it doesn't provide much protection for schedule changes and cancellations that occur more than two weeks in advance of the travel date. A carrier can fulfill the obligation by just giving a full refund, which isn't much help when the passenger must then purchase much more expensive alternate tickets.
Originally Posted by
wrp96
Actually under EC261, even for a cancellation/schedule change more than two weeks out, the airline must reroute, not just a refund.
Bingo. The advance notice given for the cancellation doesn't impact the three options available, nor does it impact who gets to choose which option.