American Eagle Group Inc. announced changes in leadership at its San Juan-based Executive Airlines operation in which Ed Criner, Executive's current president, will return mainland to oversee one of American Eagle's largest operations at Chicago O'Hare airport, and Pedro Fabregas, Vice President-Finance and Planning for Executive, will become President-Executive Airlines. Fabregas, a 25-year industry veteran, joined American Airlines in 1983 and quickly progressed through a number of management positions within the operation, including Passenger Service, Ramp Service and Facilities Maintenance. He moved to Executive Airlines in 1998 as Director-Finance and Administration, and has since contributed in a variety of roles, including Director-Sales, Marketing and Planning. A native of San Juan, Fabregas holds a Bachelors degree in Administration from the University of the Sacred Heart and a Masters degree in Business Administration from the University of Miami School of Business.

American Eagle Group Inc. will cease operations at five airports, all in November. The company reduce its capacity by 10% to 11% compared with the fourth quarter of 2007, retire at least 75 planes and start charging passengers for checked luggage--all in response to the shock of rising oil prices, general economic woes and a difficult competitive environment.

American Eagle Group Inc. reaffirmed earnings guidance for the second quarter of 2008. The company maintained its second quarter earnings guidance of $0.28 to $0.30 per share, compared to $0.37 per share last year.