International Consolidated Airlines Group S.A (IAG) — Capital Reinvestment Ratio
International Consolidated Airlines Group S.A (IAG) has a Capital Reinvestment Ratio of 0.62x as of December 2025, meaning it reinvests 1% of its operating cash flow (€2.92 Billion) in capital expenditures (€1.81 Billion). See International Consolidated Airlines Grou (IAG) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
International Consolidated Airlines Group S.A Capital Reinvestment Ratio (2003–2025)
This chart tracks International Consolidated Airlines Group S.A's Capital Reinvestment Ratio across 20 annual periods.
Annual Capital Reinvestment Ratio for International Consolidated Airlines Group S.A (2003–2025)
Year-by-year Capital Reinvestment Ratio for International Consolidated Airlines Group S.A from 2003 to 2025. For live market cap and broader valuation context, see market value of International Consolidated Airlines Grou.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.52x | €6.47 Billion | €3.38 Billion | ▲ +18.2% |
| 2024 | 0.44x | €6.37 Billion | €2.82 Billion | ▼ -39.5% |
| 2023 | 0.73x | €4.86 Billion | €3.55 Billion | ▼ -8.8% |
| 2022 | 0.80x | €4.83 Billion | €3.88 Billion | ▼ -7.4% |
| 2019 | 0.87x | €4.00 Billion | €3.46 Billion | ▼ 0.0% |
| 2018 | 0.87x | €3.24 Billion | €2.80 Billion | ▲ +104.2% |
| 2017 | 0.42x | €3.51 Billion | €1.49 Billion | ▼ -63.1% |
| 2016 | 1.15x | €2.65 Billion | €3.04 Billion | ▲ +10.8% |
| 2015 | 1.04x | €1.97 Billion | €2.04 Billion | ▼ -26.4% |
| 2014 | 1.41x | €1.86 Billion | €2.62 Billion | ▼ -21.9% |
| 2013 | 1.80x | €1.22 Billion | €2.20 Billion | ▼ -50.7% |
| 2012 | 3.65x | €339.00 Million | €1.24 Billion | ▲ +162.8% |
| 2011 | 1.39x | €770.00 Million | €1.07 Billion | ▲ +103.1% |
| 2010 | 0.68x | €936.00 Million | €641.00 Million | ▼ -69.4% |
| 2008 | 2.24x | €275.29 Million | €616.44 Million | ▲ +50.6% |
| 2007 | 1.49x | €530.57 Million | €788.95 Million | ▲ +252.5% |
| 2006 | 0.42x | €1.28 Billion | €540.75 Million | ▲ +114.5% |
| 2005 | 0.20x | €2.06 Billion | €405.63 Million | ▼ -43.9% |
| 2004 | 0.35x | €1.61 Billion | €564.12 Million | ▲ +52.1% |
| 2003 | 0.23x | €1.37 Billion | €317.05 Million | — |