Air France-KLM SA (AF) — Capital Reinvestment Ratio
Air France-KLM SA (AF) has a Capital Reinvestment Ratio of 0.97x as of June 2026, meaning it reinvests 1% of its operating cash flow (€996.00 Million) in capital expenditures (€970.00 Million). Check Air France-KLM SA (AF) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Air France-KLM SA Capital Reinvestment Ratio (2002–2025)
This chart tracks Air France-KLM SA's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Air France-KLM SA.
Annual Capital Reinvestment Ratio for Air France-KLM SA (2002–2025)
Year-by-year Capital Reinvestment Ratio for Air France-KLM SA from 2002 to 2025. See AF cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.97x | €4.56 Billion | €4.45 Billion | ▼ -8.6% |
| 2024 | 1.07x | €3.50 Billion | €3.73 Billion | ▼ -6.2% |
| 2023 | 1.14x | €3.12 Billion | €3.55 Billion | ▲ +85.7% |
| 2022 | 0.61x | €4.86 Billion | €2.97 Billion | ▼ -57.4% |
| 2021 | 1.44x | €1.53 Billion | €2.20 Billion | ▲ +65.8% |
| 2019 | 0.87x | €3.90 Billion | €3.37 Billion | ▲ +16.5% |
| 2018 | 0.74x | €3.71 Billion | €2.76 Billion | ▼ -6.9% |
| 2017 | 0.80x | €2.90 Billion | €2.31 Billion | ▼ -13.8% |
| 2016 | 0.93x | €2.24 Billion | €2.07 Billion | ▲ +6.8% |
| 2015 | 0.87x | €1.90 Billion | €1.65 Billion | ▼ -38.7% |
| 2014 | 1.41x | €1.01 Billion | €1.43 Billion | ▲ +76.3% |
| 2013 | 0.80x | €1.48 Billion | €1.19 Billion | ▼ -53.6% |
| 2012 | 1.73x | €851.00 Million | €1.47 Billion | ▼ -33.6% |
| 2011 | 2.60x | €934.00 Million | €2.43 Billion | ▲ +65.7% |
| 2010 | 1.57x | €1.35 Billion | €2.12 Billion | ▼ -38.6% |
| 2008 | 2.56x | €798.00 Million | €2.04 Billion | ▲ +183.8% |
| 2007 | 0.90x | €2.59 Billion | €2.34 Billion | ▲ +8.1% |
| 2006 | 0.83x | €2.85 Billion | €2.38 Billion | ▼ -12.9% |
| 2005 | 0.96x | €2.66 Billion | €2.54 Billion | ▼ -12.1% |
| 2004 | 1.09x | €1.96 Billion | €2.13 Billion | ▲ +3.2% |
| 2003 | 1.06x | €1.20 Billion | €1.27 Billion | ▼ -19.1% |
| 2002 | 1.31x | €1.11 Billion | €1.45 Billion | — |