I suspect a least a couple other people on this forum were or will be in the same situation as me so, at the least, they might find this interesting…
I waited until my flight was actually cancelled (7 days prior) and then for the booking agency (lastminute) to contact me. (FYI: I only booked through an agency as I found a deal that was much cheaper than the same flight directly from the airline.)
Now, a couple days after the cancelled flight, lastminute is offering 3 choices:
- Travel credit of original price + 10%, valid 12 months, can convert to cash (minus fee) in 6 months
- Voucher of original price, valid 12 months, explicitly not convertible to cash
- Refund of original price minus 30EUR. Might take a long time and is at discretion of airline (who might go bankrupt).
It is presented as only the 1st option being available, but you can click some small grey text to reveal options 2 and 3.
Unless I’ve missed something, I’m not sure why anyone would take option 2. I guess the choice now is whether I expect the airline (a major European flag-carrier) and/or lastminute to go bankrupt. I might flip a coin.