It really depends WHY you miss the flight. If you really missed it because you were running late, had an emergency, etc. they will generally work with you and get you on a later flight. However, if you admit to working the system, they will work you back. Often in the contract is something saying that if you skip a portion of a trip (say buy a ticket through a hub but get off at the hub), they can cancel the rest of your trip (including return) and charge you for the walk up ticket price of the one way ticket to the hub. It's very rare that airlines will enforce this.
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