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Booking a return trip instead of a one way then canceling

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I'm looking to book JFK - MXP in D1 for next month. The one way price is over $8000 while a roundtrip with a random return date can be as low as $3600. Would I be able to book the roundtrip and then just cancel the return leg after I've flown the outbound? If I do, will I be charged an extra fee (should I just no-show)?

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