Originally Posted by
PAL62V
I thought that you lose the right to EC261 if you cancel the booking ie - not accept the replacement flight and simply get your money back. Doesn't EC261 only kick in if the OP takes the offered (or another) flight that gets them into NCE later (or earlier!) than the time limit allowed?
If the flight is delayed then you actually need to fly on the delayed flight to be eligable for the compensation. If it's cancelled on the day & BA couldn't offer to reroute you to arrive within 2hrs then you can have a refund and the compensation (as long as not extraordinary circumstances) .