If I buy a round trip, fully flexible (fully refundable) ticket, what happens after I've flown the outbound but need to cancel/refund the return? I've tried to look at the fare rules (ULA0TDYU). This is the part on cancellations:
NO CHARGE. IF ALL PENALTIES IN PRICING UNIT ARE PER
PRICING UNIT COLLECT HIGHEST. IF MIX OF PER FARE
COMPONENT AND PER PRICING UNIT CALCULATE EACH AS PER
PRICING UNIT AND COLLECT HIGHEST.
REFUND REQUEST MUST BE LESS THAN ONE YEAR AFTER TRAVEL
COMMENCEMENT DATE IF PARTIALLY USED OR ONE YEAR AFTER
TICKET ISSUANCE IF TICKET UNUSED. FORM OF REFUND -
ORIGINAL FORM OF PAYMENT. ONLY VALIDATING CARRIER MAY
REFUND TICKET.
REPRICE FLOWN PORTION USING FARES IN EFFECT ON TICKET
ISSUANCE DATE. FOR FULLY FLOWN FARE COMPONENTS FARE BREAK
POINTS MAY BE CHANGED. FOR PARTIALLY FLOWN FARE
COMPONENTS ONLY DESTINATION FARE BREAK POINTS MAY BE
CHANGED. REPRICE USING NORMAL/SPECIAL ONE WAY/ROUND TRIP
FARES/ANY RULE/FARE CLASS/EQUAL OR HIGHER RBD. PUBLIC
FARES ARE USED IF TICKETED FARE IS IN PUBLIC TARIFF.
QUALIFIED PRIVATE FARES OR PUBLIC FARES ARE USED IF
TICKETED FARE IS IN PRIVATE TARIFF. NEW FARE FOR FULLY
FLOWN FARE COMPONENTS MUST BE EQUAL TO OR HIGHER THAN
TICKETED FARE.
On ANA's refunds section (for my applicable fare class and route), it says
Before Departure
- Refund permitted without cancellation fee
After departure- Refund permitted without cancellation fee
- Refund due will be the difference between the fare paid, and the applicable Published Carrier Fare for travel flown.
There may be no refund value
When fares with different penalties or no penalty are combined, the most restrictive condition applies
Child Discount applies
Does all this mean, if I cancel and request a refund for the return portion, my original ticket will be repriced to a one way, and any difference in fare between the original round trip and new one way is the amount that will be refunded to me?