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 net asset quality index to measure how much of total assets are equity-financed.
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. Check how aggressively does International Consolidated Airlines Grou reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
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 IAG market cap overview.
| 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 | — |