The Transport Workers Union of America, which represents ground workers at American Airlines, announced on Monday it has reached an agreement with US Airways Group Inc. and AMR Corp. which would result in its employees getting a pay raise of 4.3 percent if the merger takes place.

According to the Associated Press, ground employees at American Airlines are in line to receive a pay raise of 4.3% if the merger between US Airways Group Inc. and bankrupt carrier AMR Corp. takes place, according to reports Monday.

The pay raise comes as unnamed sources told Reuters that a merger deal between the two airlines could be announced in the next two weeks.

US Airways and AMR are in the final stage of negotiating a merger, with final price and management structure still to be resolved, people familiar with the matter said last week. AMR's board is meeting on Monday and Tuesday to discuss the latest developments in the talks, the people said.

The TWU represents more than 20,000 workers at American Airlines.

A merged American-US Airways would have revenue of $38.69 billion based on 2012 figures, in front of current world No. 1 United Continental Holdings Inc, which had revenue of $37.15 billion last year.