Lets take a step back - 6 months ago, things were OK. Yes INTL was still losing lots of money but the fact it was improving was seen as a good thing. DOM was still profitable, albiet down because of the capacity war. The big message was that things were heading slowly in the right direction.
Besides VA getting $300m, what has changed so drastically? Yes fuel has gone up too but it is a worry that the airline is in such a poor position in such a short space of time. Of course the managers who made the decisions that contributed won't be the ones losing thier jobs on Thursday, just the rest of the workers who make the airline what it is