Alarms sounded in the cockpit of a Southwest Airlines jet shortly after taking off from Hollywood Burbank airport near Los Angeles on Friday, prompting evasive maneuvers, the airline said in a statement.

A Southwest Airline jet heading to Las Vegas from Southern California took a dramatic plunge shortly after takeoff Friday in response to an alert about a nearby plane, injuring two flight attendants,

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.

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.

Southwest Airlines has announced a major change coming to its current seating system. The Texas-based airline previously had a “pick any seat” policy, allowing customers to purchase tickets in different boarding groups by selecting where they wanted to sit upon boarding the plane.