The carnage will continue tomorrow.
I did hear of a few people who were recently recruited to go work at Sabre for pay raises of 30% on up... I heard that another person who knew AA's RM system got ~$200K and paid housing to go work at an airline in the Middle East. That is providing some breathing room... but it's also causing a bit of a brain drain in certain departments. You can't replace 20 or 30 years of experience, right?...
Of all the layoff names I've heard so far for GM's and airport services, they were either close to or beyond retirement age, incompetent, or had performance meritorious of dismissal (and a few had all three...).
That's not to say that there won't be a few good folks cut tomorrow, but so far, it appears to have been a fairly normal and predictable culling of the herd.
It's a lot less certain to some than the seniority system, but I will say that for the most part so far, it's a lot fairer: the folks who perform consistently wind up staying employed, and those who didn't perform are let go. It's inevitable that some good people will wind up without a chair, though. That happens regardless if you're on a performance based system or a seniority system.