Sources: Airline merger could be announced Thursday - New York News

Sources: Airline merger could be announced Thursday

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FORT WORTH, Texas -

The long rumored and much anticipated merger of American Airlines and US Airways appears to be a done deal.

Sources said the boards of both airlines have signed off on final sticking points that will make American the world's largest airline once again. Neither company would confirm anything, but the source said there should be a formal announcement Thursday at DFW Airport.

The merged airline is expected to keep the name American Airlines and its Fort Worth headquarters.  US Airways CEO Doug Parker would lead the new airline.

It will be a long process, but work that employees feel is worthwhile.

"The merger provides a better future, not just for the pilots but for all the employees and for all of our passengers and all the stakeholders in the airline because it will create the largest airline in the world, " said Scott Shankland with the Allied Pilots Association.

"A merger between two airlines is the biggest jigsaw puzzle that you can imagine. Labor issues, routes, financial structure, it's just amazingly complicated business. So even if it's going well it's going to take a long time," said Mike Davis with the SMU Cox School of Business.

Experts in the travel industry expect the merger, among other factors, will mean higher prices, but no loss of frequent flyer miles, more routes and better customer service.

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