if you think you will cancel, dont use the bargain fare sites like travelocity, orbitz, priceline etc. they will allow you to cancel, but there is generally a $150 per ticket fee and the rest is credited to same airline usable within 1 year by the same person, international is $250. I have tried many times to get around this, but they wont budge. If I think I might cancel, I make sure it is within the policy of the ticket I buy to change it for a small fee.

also I have found the wait and see mode to not work well anymore. the airlines have started cutting flights which means their bookings are getting full, very rarely in the past year have I been on a flight that wasnt almost full, most have been turning away standbys.

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1982 300CD Turbo (Otis, "ups & downs") parts for sale
2003 TJ with Hemi (to go anywhere, quickly) sold
2001 Excursion Powerstroke (to go dependably)
1970 Mustang 428SCJ (to go fast)
1962 Corvette LS1 (to go in style)
2001 Schwinn Grape Krate 10spd (if all else fails)