International Consolidated Airlines Group S.A Capital Reinvestment Ratio
International Consolidated Airlines Group S.A capital reinvestment ratio. International Consolidated Airlines Group S.A (IAG) has a Capital Reinvestment Ratio of 0.31x as of June 2026, meaning it reinvests 0% of its operating cash flow (€4.22 Billion) in capital expenditures (€1.30 Billion). See cash generation quality of International Consolidated Airlines Grou to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of International Consolidated Airlines Group S.A (2003–2025)
Capital reinvestment ratio of International Consolidated Airlines Group S.A from 2003 to 2025. This chart tracks International Consolidated Airlines Group S.A's Capital Reinvestment Ratio across 20 annual periods. See IAG financial flexibility index to measure the company's free cash flow as a share of total liabilities.
International Consolidated Airlines Group S.A Capital Reinvestment Ratio by Year (2003–2025)
International Consolidated Airlines Group S.A capital reinvestment ratio by year from 2003 to 2025. For the full cash flow conversion analysis, see International Consolidated Airlines Grou cash conversion from operations.
| 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 | — |