United Airlines scraps ticket-change fees for domestic flights

spike

A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey.

Chris Helgren | Reuters

It’s time to say goodbye to the $200 ticket-change fee.

United Airlines on Sunday said that it will permanently scrap fees to change domestic flights, a big bet that more flexible policies will win over much-needed customers as the pain from the coronavirus pandemic’s impact on air travel continue to mount.

It’s a page from the playbook of rival Southwest Airlines, which doesn’t charge customers fees to change their flights.

“Following previous tough times, airlines

Read More

FDA willing to fast track coronavirus vaccine before phase three trials

spike

Commissioner of U.S. Food and Drug Administration Dr. Stephen M. Hahn speaks during a news conference about the latest coronavirus disease (COVID-19) developments, in the Brady Press Briefing Room of the White House in Washington, U.S. August 23, 2020.

Erin Scott | Reuters

The chief of the U.S. Food and Drug Administration is prepared to bypass the full federal approval process in order to make a Covid-19 vaccine available as soon as possible, according to an interview in The Financial Times.

Insisting that the move would not be due to pressure from the Trump administration to fast track a vaccine,

Read More

Amazon, life insurer unveil strategic collaboration

spike

John Hancock, whose parent firm is Manulife, and Amazon have announced a strategic collaboration to help John Hancock life insurance customers improve their health. The collaboration makes John Hancock the first life insurer to integrate with the Amazon Halo wearable fitness tracker.

Starting this fall, customers of the John Hancock Vitality Program will be able to link the Amazon Halo to the program to earn vitality points for the steps they take to live healthier. The Halo will be the featured complimentary wearable for John Hancock Vitality Members – including three years of Halo membership – when Halo becomes available

Read More

Ping An to maintain cautious outlook for second half

spike

Ping An Insurance Group Co of China Ltd said it will remain “extremely cautious” in the second half of 2020 amid the possibility of another wave of COVID-19 cases.

The company’s co-CEO Jessica Tan made the pronouncement following the revelation that Ping An’s first-half net profit fell by 29.7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} year-on-year due to the COVID-19 crisis.

“There’s always a risk of the second and third wave. So we need to remain extremely cautious in the second half of the year,” Tan told Reuters.

Ping An is the only Asian insurer deemed globally systemically important. Its interim report, released on Thursday, showed

Read More