Delta cash falls to $3.8bn in Q4

Washington DC
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Delta Air Lines saw its cash balances decline 4.5% to $3.8 billion during the fourth quarter.

Cash, cash equivalents and short-term investments were up 12.8% from $3.37 billion compared to the end of December 2012.

Long-term debt and capital lease obligations fell 3% to $9.8 billion during the quarter. Debt was down 11.7% compared to a year earlier.

Capital expenditures rose $600 million to $2.6 billion at Atlanta-based Delta during 2013. Expenditures include aircraft and its $360 million investment in Virgin Atlantic Airways.

The carrier anticipates $2.3 billion in capital expenditures in 2014.