Originally Posted by KARFA

The taxes are definitely not $1200 per person. The carrier surcharge will be most of that taxes/fees/charges amount, and the carrier surcharge is not refunded. If I look at an example of a LAX-BCN return in J the total taxes/fees/charges is $1448 per person. Of that only about $111 is taxes and fees which would be refunded.

As you note, you wouldn't get back the seat selection fees either.

I think you are best of just waiting for a cancellation - it is highly likely at least one flight in your booking will be cancelled at some point - and once that happens you can get a full refund.