Two flight attendants were injured on a Southwest Airlines flight taking off in Burbank, Calif. after the plane made several sudden altitude changes to avoid colliding with another aircraft. CNN reported that the Las Vegas-bound flight made a sudden drop of 475 feet in order to avoid a privately owned Hawker Hunter fighter jet.

Earlier this year, Southwest Airlines announced several major policy changes in an attempt to boost the airline's slumping profits. This was highlighted by the decision to begin charging for checked bags,

Southwest Airlines' CEO told investors in a July 24 earnings call that the airline could eventually open its own lounges.

Shares of American Airlines and Southwest Airlines both dropped sharply Thursday, after the carriers reported slack second-quarter demand for travel and potential weakness in the economy impacting the second half of the year.

Dallas-based Southwest Airlines’ fare strategy overhaul ran into trouble when the carrier launched its new “basic” economy tickets in May, forcing changes.

Just two months after ending its long-standing “Bags Fly Free” policy, the airline has announced when it will roll out assigned seating — a significant shift from its traditional boarding process. For decades, Southwest used a first-come, first-served system, along with free checked bags, that set it apart from its competitors.