Hawaiian Airlines cash and cash equivalents fell 6.4% to $405.9 million during the fourth quarter compared to the quarter before.
The Honolulu-based carrier saw cash increase by 33.5% during 2012 from $304.1 million at the end of 2011.
Long-term debt and capital lease obligations fell 18% to $553 million during the quarter. Debt was up 30.3% for the full year.
Capital expenditure during the fourth quarter was $75 million, including $27 million in aircraft predelivery payments and $48 million in other aircraft-related items, said Scott Topping, chief financial officer of Hawaiian, during an earnings call on 29 January.
For the full year, capital expenditure was $406 million, added Topping.