DEFINITION of 'Leo F. Mullin'
A former CEO and chairman of Delta Airlines. Born in 1943 in Massachusetts, Mullin earned his MBA from Harvard. He began his career with consulting firm McKinsey and eventually became the first outsider CEO of Delta in 1997 and chairman in 1999. He stepped down as CEO in 2003 and as chairman in 2004. He initially helped the company improve its finances, but later in his tenure, Delta struggled with rising labor and fuel costs, the aftermath of the 9/11 terrorist attacks, a controversy over executive pay and employee wage cuts and layoffs.
BREAKING DOWN 'Leo F. Mullin'
Founded in 1928, Delta has grown substantially over the years through numerous mergers and acquisitions. It is a major airline with destinations in more than 350 cities worldwide. Mullin is also known for his involvement with the Museum of Natural History and the Chicago Chamber of Commerce.

Richard H. Anderson
Richard H. Anderson became the CEO of Delta Airlines in 2007. ... 
Delta Neutral
A portfolio consisting of positions with offsetting positive ... 
Delta Spread
An options trading strategy where the trader initially establishes ... 
Delta
The ratio comparing the change in the price of the underlying ... 
Charm
The rate at which the delta of an option or warrant will change ... 
DeltaGamma Hedging
An options hedging strategy that combines a delta hedge and a ...

Markets
Delta Vs. American Airlines: Why Delta is Flying Higher (DAL, AAL)
Find out why Delta shares have outperformed American Airlines. How has load factor impacted revenue per available seat mile and financial results? 
Retirement
Is Delta Stock Suitable for Your IRA or Roth IRA? (DAL)
Learn about Delta Airlines and the factors that affect the company's performance. Discover if Delta stock makes an appropriate investment for IRA accounts. 
Trading
Options Trading Strategies: Understanding Position Delta
Learn more about the position delta hedge ratio and how it can tell you the number of contracts needed to hedge a position in the underlying asset. 
Investing
Delta's 3 Key Financial Ratios (DAL)
Learn why a smaller sales growth rate is actually good for an airline company such as Delta to achieve a better operating margin and higher stock valuation. 
Trading
How Does Delta Hedging Work?
Delta hedging is a derivative trading strategy that attempts to reduce  or eliminate  the risk caused by price changes in the underlying asset. 
Markets
Delta Bets On Its Punctuality. Will it Work? (DAL)
Examine Delta's new marketing effort based on its ontime performance in terms of how much it is likely to benefit the airline. 
Markets
Free Cash Flow Separates Delta From The Pack
The U.S. airline industry has experienced a stunning revival in the past few years. No need to look hard to find airlines with doubledigit profit margins. 
Personal Finance
Why Delta is Done Hedging Fuel Costs (AAL, DAL)
Delta lost $336 million on its hedges in the last three months of the year, and while it is not taking out any new contracts for 2016, the losses on existing contracts are expected to continue, ... 
Markets
Who Are Delta Airlinesâ€™ Main Competitors? (DAL)
Compare the top competitors of Delta Air Lines, Inc. Take a deeper look into the key drivers of competition in the airline industry. 
Markets
Delta Stock to Trade ExDividend Monday (DAL)
Delta will send its dividend payment on June 1 to shareholders of record as of May 11.

Why does delta only range from 1 to 1?
Learn what the option Greek delta is, what affects the value of delta for an option and why the delta of an option can only ... Read Answer >> 
What are common delta hedging strategies?
Learn about common delta hedging strategies, including how to make a position in options delta neutral by offsetting risk ... Read Answer >> 
How can you use delta to determine how to hedge options?
Learn what delta is, how to use delta to hedge options and how to maintain a deltaneutral position by deltahedging options ... Read Answer >> 
What does it mean to say that a straddle is "delta neutral?"
Learn what the option Greek delta is and what makes a deltaneutral position, and see an example illustrating a deltaneutral ... Read Answer >> 
What are the limitations of using delta to hedge options?
Learn about the delta of an option, how to delta hedge an option position and the limitations of using delta to hedge an ... Read Answer >> 
How can I calculate the delta adjusted notional value?
Find out how to calculate the delta adjusted notional value of an options contract, and why gross notional value cannot be ... Read Answer >>