Passengers on Southwest Flight 1496 to Las Vegas experienced a terrifying nosedive when the pilot took action to avoid a midair collision, causing injuries as people hit the ceiling.

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.

Minutes after takeoff Friday, a Southwest flight leaving Burbank, California, descended after two onboard alerts, injuring two flight attendants and frightening passengers, the airline and people on b

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

Big Names Fall Off the Cliff. Southwest Airlines Co. (NYSE:LUV) is one of the worst-performing stocks on Thursday. Southwest Airlines snapped a four-day winning streak on Thursday, slashing 11.16 percent to close at $33.

After departing from Burbank, traffic alerts required a Southwest Airlines flight crew on a Las Vegas-bound plane to "climb and descend to comply with the alerts," according to an airline representative.

A body was located Friday, July 25, in Van Buren County. Detectives believe the body may be that of an individual reported missing several weeks back.