The first Pan Am deal was the Pacific Division and included airplanes and crews. The huge takeaway was United got more routes and authority to fly them than planes and crew. That purchase was the only thing Ferris did which actually made cash for UAL.

It also sparked huge domestic growth and airplane purchaseS when Wolf took the helm of UAL. At its peak UAL had almost the same number of pilots then as it does today combined with CAL and new hires.