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Via Frugal Travel Lawyer, Southwest Airlines is opening their schedule for booking flights up to January 4, 2013 today.
There is no penalty for cancelling a Southwest flight made with points (the points go back to your account when you cancel), so it doesn’t hurt to book your Thanksgiving, Christmas, or other holiday trips before you firm up your plans. You can always cancel and rebook your ticket for no fee if the number of points required for the award drops since you booked the ticket.
If you cancel a paid flight on Southwest, the ticketed passenger gets a credit which can be used for up to 1 year after the booking was made.
If you’ve got a Southwest Companion Pass, your companion will fly free with you, on BOTH paid flights or flights booked with points. Emily is attending a part-time graduate program after work, so the homework and classes gets in the way of maximizing our Companion Pass.
But we do have Holiday travel to book. We usually bring gifts when we visit family, so it is great to fly Southwest and to not pay checked baggage fees.
If you’re running low on Southwest points, Chase Ultimate Rewards points transfer instantly to Southwest Airlines in 1:1 ratio.
Bottom Line: It doesn’t hurt to make your Southwest booking using points when the schedule opens since you can always cancel the award for no fee.