Yup, I am 100% sure that I started up from Recovery because I held down Command + R and I saw the screen above. 
This is similar to what happened to me. I started noticing that my computer started crashing very often
Anonymous UUID: 9E07C9B3-CAE1-0282-2317-859ADEDBFD4F
Fri Oct 30 20:01:26 2015
*** Panic Report ***
panic(cpu 2 caller 0xffffff801379ae8e): "Process 1 exec of /sbin/launchd failed, errno 2"@/Library/Caches/com.apple.xbs/Sources/xnu/xnu-3247.10.9/bsd/kern/kern_exec.c :4279
Backtrace (CPU 2), Frame : Return Address
0xffffff80ac15bde0 : 0xffffff80132e6417
0xffffff80ac15be60 : 0xffffff801379ae8e
0xffffff80ac15bee0 : 0xffffff80137729cb
0xffffff80ac15bf00 : 0xffffff80137b7d31
0xffffff80ac15bf40 : 0xffffff80132e0efd
0xffffff80ac15bf80 : 0xffffff80133d843e
0xffffff80ac15bfa0 : 0xffffff80133f51bf
BSD process name corresponding to current thread: init
Mac OS version:
Not yet set
Kernel version:
Darwin Kernel Version 15.0.0: Tue Sep 15 12:43:52 PDT 2015; root:xnu-3247.10.9~3/RELEASE_X86_64
Kernel UUID: 1666AE46-5BC8-396A-A099-DF86AD27E35B
Kernel slide: 0x0000000013000000
Kernel text base: 0xffffff8013200000
__HIB text base: 0xffffff8013100000
System model name: MacBookAir6,2 (Mac-7DF21CB3ED6977E5)
System uptime in nanoseconds: 4503938497
last loaded kext at 2241825847: com.apple.driver.AppleUSBCardReader 3.7.1 (addr 0xffffff7f955cd000, size 65536)
loaded kexts:
com.apple.driver.AppleUSBCardReader 3.7.1
com.apple.iokit.IOBluetoothUSBDFU 4.4.0f4
com.apple.iokit.SCSITaskUserClient 3.7.7
com.apple.driver.AppleUSBStorageCoexistentDriver 3.7.1
com.apple.driver.CoreStorageFsck 517
com.apple.driver.AppleFileSystemDriver 3.0.1
com.apple.AppleFSCompression.AppleFSCompressionTypeDataless 1.0.0d1
com.apple.AppleFSCompression.AppleFSCompressionTypeZlib 1.0.0
com.apple.BootCache 37
com.apple.driver.AppleTopCaseHIDEventDriver 81.2
com.apple.iokit.IOAHCIBlockStorage 2.8.0
com.apple.driver.AppleAHCIPort 3.1.5
com.apple.driver.AirPort.Brcm4360 1000.12.1a23
com.apple.driver.AppleSmartBatteryManager 161.0.0
com.apple.driver.AppleRTC 2.0
com.apple.driver.AppleACPIButtons 4.0
com.apple.driver.AppleHPET 1.8
com.apple.driver.AppleSMBIOS 2.1
com.apple.driver.AppleACPIEC 4.0
com.apple.driver.AppleAPIC 1.7
com.apple.nke.applicationfirewall 163
com.apple.security.quarantine 3
com.apple.security.TMSafetyNet 8
com.apple.driver.usb.IOUSBHostHIDDevice 1.0.1
com.apple.iokit.IOSCSIBlockCommandsDevice 3.7.7
com.apple.iokit.IOUSBMassStorageClass 4.0.0
com.apple.iokit.IOUSBMassStorageDriver 1.0.0
com.apple.iokit.IOSCSIArchitectureModelFamily 3.7.7
com.apple.driver.usb.AppleUSBHub 1.0.1
com.apple.driver.usb.AppleUSBHostCompositeDevice 1.0.1
com.apple.driver.CoreStorage 517
com.apple.driver.AppleUSBMergeNub 900.4.1
com.apple.driver.AppleMultitouchDriver 304.9
com.apple.driver.AppleHIDTransport 5
com.apple.driver.AppleHIDKeyboard 181
com.apple.driver.AppleHSSPIHIDDriver 41.6
com.apple.driver.AppleXsanScheme 3
com.apple.iokit.IOAHCIFamily 2.8.0
com.apple.driver.AppleThunderboltDPInAdapter 4.1.2
com.apple.driver.AppleThunderboltDPAdapterFamily 4.1.2
com.apple.driver.AppleThunderboltPCIDownAdapter 2.0.2
com.apple.driver.AppleThunderboltNHI 4.0.1
com.apple.iokit.IOThunderboltFamily 5.0.6
com.apple.iokit.IO80211Family 1100.23
com.apple.driver.mDNSOffloadUserClient 1.0.1b8
com.apple.iokit.IONetworkingFamily 3.2
com.apple.driver.corecapture 1.0.4
com.apple.driver.AppleHSSPISupport 41.6
com.apple.driver.AppleIntelLpssSpiController 2.0.57
com.apple.driver.AppleIntelLpssI2C 2.0.57
com.apple.driver.AppleIntelLpssGspi 2.0.57
com.apple.driver.usb.AppleUSBXHCIPCI 1.0.1
com.apple.driver.usb.AppleUSBXHCI 1.0.1
com.apple.driver.AppleIntelLpssDmac 2.0.57
com.apple.iokit.IOUSBFamily 900.4.1
com.apple.iokit.IOUSBHostFamily 1.0.1
com.apple.driver.AppleUSBHostMergeProperties 1.0.1
com.apple.driver.AppleEFINVRAM 2.0
com.apple.driver.AppleEFIRuntime 2.0
com.apple.iokit.IOHIDFamily 2.0.0
com.apple.iokit.IOSMBusFamily 1.1
com.apple.security.sandbox 300.0
com.apple.kext.AppleMatch 1.0.0d1
com.apple.driver.AppleKeyStore 2
com.apple.driver.AppleMobileFileIntegrity 1.0.5
com.apple.driver.AppleCredentialManager 1.0
com.apple.driver.DiskImages 415
com.apple.iokit.IOStorageFamily 2.1
com.apple.iokit.IOReportFamily 31
com.apple.driver.AppleFDEKeyStore 28.30
com.apple.driver.AppleACPIPlatform 4.0
com.apple.iokit.IOPCIFamily 2.9
com.apple.iokit.IOACPIFamily 1.4
com.apple.kec.Libm 1
com.apple.kec.pthread 1
com.apple.kec.corecrypto 1.0
Model: MacBookAir6,2, BootROM MBA61.0099.B19, 2 processors, Intel Core i5, 1.3 GHz, 4 GB, SMC 2.13f15
Graphics: Intel HD Graphics 5000, Intel HD Graphics 5000, Built-In
Memory Module: BANK 0/DIMM0, 2 GB, DDR3, 1600 MHz, 0x02FE, 0x45424A3230554638454455302D474E2D4620
Memory Module: BANK 1/DIMM0, 2 GB, DDR3, 1600 MHz, 0x02FE, 0x45424A3230554638454455302D474E2D4620
AirPort: spairport_wireless_card_type_airport_extreme (0x14E4, 0x117), Broadcom BCM43xx 1.0 (7.21.94.24.1a23)
Bluetooth: Version 4.4.0f4 16320, 3 services, 27 devices, 1 incoming serial ports
Network Service: Wi-Fi, AirPort, en0
Serial ATA Device: APPLE SSD SD0128F, 121.33 GB
USB Device: USB 3.0 Bus
USB Device: BRCM20702 Hub
USB Device: Bluetooth USB Host Controller
USB Device: Fitbit Base Station
Thunderbolt Bus: MacBook Air, Apple Inc., 23.6