PHOENIX (AP/CBS5) -
A Phoenix-area business group is expressing concern about the prospect of US Airways relocating its headquarters from Tempe to Texas if it merges with American Airlines.
The North Scottsdale Chamber of Commerce plans Tuesday to release results of a new economic study it commissioned on a possible merger.
"After reading the analysis, it is abundantly clear that if US Airways leaves Arizona as promised, the situation will be dire for Arizona's economy, and include massive job losses on several fronts," said Joe Galli, Executive Director of the North Scottsdale Chamber of Commerce.
US Airways and American are engaged in confidential talks on a possible merger.
US Airways has said that it would move its headquarters from Tempe to American's in Fort Worth.
Copyright 2012 Associated Press. All rights reserved. CBS 5 (Meredith Corporation) contributed to this report. All rights reserved.
