Two attendants were hurt on Friday during an emergency maneuver on a Southwest flight departing Hollywood Burbank Airport.

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

Southwest missed on sales and earnings last night. Revenues slipped only slightly year over year, but profits were down a big 33%. Southwest has announced a buyback of its stock, forecasting better profits ahead.

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.

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.

The passenger jet was responding to an alert of another aircraft in the vicinity, federal authorities said. A Cold War-era military plane was nearby at the time.