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If the travellers are eligible for the refund and cancel their reservation successfully then the refund amount will transfer within 7 to 10 working days.
After the cancellation of the ticket, the refund amount will credit to the same bank account number which was used for the flight reservation.

The main specifications of the policy are as follows:

AirBaltic Cancellation policy says that passengers may cancel their itinerary plans and cancel their bookings as required.
You can use the same procedure to cancel the ticket used in the booking. For example, if obtained digitally, it should be canceled online.
AirBaltic Airlines customers can cancel flight bookings within 24 hours of booking to save on service charges.
Unfortunately, canceling your ticket outside of the dedicated risk-free window can hurt your pocket.
Visitors can make flight cancellation requests with AirBaltic Airlines using the online or offline system.
AirBaltic Airlines passengers who purchased a ticket with them must contact a third-party agent to cancel the ticket.
Additionally, airlines allow travelers to cancel refundable tickets for a full refund.
When you cancel a non-refundable ticket, it will only charge you the tax at the time of cancellation.
It’s worth noting that aspirants don’t have to pay anything for cancellations due to emergencies.