A merger between American Airlines and US Airways will likely be announced next week, WFAA in Dallas reported Wednesday.

Sources tell WFAA the board of directors of AMR Corp., American's parent company, will meet on Monday to consider a combination.

Many of the details have already been worked out.

Currently at issue is which executive team will lead the new company.

Sources say US Airways CEO Doug Parker will likely take over, and American's Tom Horton will be given an honorary position on the board.

Both companies are collaborating on how to make the merger announcement and where it will take place.

Officially, American has not responded. But it now appears after more than a year of talks that American Airlines will absorb US Airways.

The new company will be based in Fort Worth, but led by the smaller airline, which is currently headquartered in Phoenix.

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