Yes. Southwest Airlines offers up to $700 in compensation if the cancellation is made by them. However, the airline can only be held responsible for paying the customer if the cancellation is made less than 14 days before the flight's scheduled departure. You may also be eligible for a refund from Southwest Airlines in the following circumstances:

termination without notice prior to 14 days
Cancellation because the pilot or personnel is unavailable
Flight cancellations are caused by poor flight maintenance.

Depending on the type and distance of your ticket, you can request a refund in certain circumstances. Before requesting a Southwest Airlines refund, be sure to preserve the payment receipt, the flight details, and your contact information close to hand.

Check more : Jetblue Airlines refund