American Airlines saw liquidity fall during the fourth quarter and in 2012, as it worked through its chapter 11 reorganisation process.
The Fort Worth-based carrier saw unrestricted cash and short-term investments fall by 7.4% to $3.89 billion during the three months ending 31 December. Cash fell 2.8% during the year.
Long-term debt and capital leases less current obligations increased by 9.2% to $7.12 billion during the quarter. Debt increased by 6.3% in 2012.
American made $1.3 billion in debt and capital lease payments during 2012 and spent $1.9 billion in capital expenditures, which were largely new aircraft related.
The airline announced that it plans to merge with US Airways on 14 February, in a deal that it expects to close during the third quarter. It filed for chapter 11 bankruptcy protection in November 2011.