European Regulation for 24 hour ticket refund
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Accepted answer
I don't know which air lines you are regularly flying with, where 'most' have a 24 hour grace period for cancelling otherwise non-refundable tickets. I am regularly flying with different air lines in Europe and can't remember ever having seen anything like that.
But no, there is no European regulation requiring air lines or train operators to grant such a grace period. When buying non-refundable tickets for transport, you are bound when confirming the purchase. Any potential grace periods granted by the operator are voluntary.
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