Apparently nonrefundable doesn’t mean all is lost if you cancel a plane ticket as I assumed. And as we all know, assuming makes an ass out of..well mostly me.
I discovered this during a series of lengthy calls to Expedia.com and US Airways, learning that if you cancel a ticket before the departure time they’ll give you the value of the ticket in credit for a new one as long as you use it toward the same airline and make your puchase within a year of the day the ticket was bought.
Maybe I should have thought to ask about that before but oh well. Very handy information for my situation (and maybe someone else’s as well) none the less!
The only catch is that (US Airways at least) charges a fee of $250 to spend your own credit..kinda ridiculous eh?