Air Canada (AC) — Capital Reinvestment Ratio

Latest as of March 2026: 0.27x

Air Canada (AC) has a Capital Reinvestment Ratio of 0.27x as of March 2026, meaning it reinvests 0% of its operating cash flow (CA$1.80 Billion) in capital expenditures (CA$477.00 Million). See Air Canada (AC) free cash flow to measure how efficiently the company converts operating cash flow to free cash.

Capital Reinvestment Ratio

0.27x
Capex / Operating Cash Flow

Operating Cash Flow

CA$1.80 Billion
CAD

Capital Expenditures

CA$477.00 Million
CAD

Data as of

Mar 2026
Most recent filing

Air Canada Capital Reinvestment Ratio (2005–2025)

This chart tracks Air Canada's Capital Reinvestment Ratio across 17 annual periods.

Annual Capital Reinvestment Ratio for Air Canada (2005–2025)

Year-by-year Capital Reinvestment Ratio for Air Canada from 2005 to 2025. For live market cap and broader valuation context, see AC stock market capitalisation.

Year Reinvestment Ratio Operating CF (CAD) Capital Expenditures YoY Change
2025 0.80x CA$3.66 Billion CA$2.91 Billion ▲ +18.6%
2024 0.67x CA$3.93 Billion CA$2.64 Billion ▲ +85.3%
2023 0.36x CA$4.32 Billion CA$1.56 Billion ▼ -45.5%
2022 0.66x CA$2.37 Billion CA$1.57 Billion ▲ +87.2%
2019 0.35x CA$5.71 Billion CA$2.02 Billion ▼ -44.0%
2018 0.63x CA$3.47 Billion CA$2.20 Billion ▼ -28.4%
2017 0.88x CA$2.74 Billion CA$2.42 Billion ▼ -26.7%
2016 1.21x CA$2.42 Billion CA$2.92 Billion ▲ +33.7%
2015 0.90x CA$2.01 Billion CA$1.81 Billion ▼ -43.4%
2014 1.60x CA$941.00 Million CA$1.50 Billion ▲ +21.2%
2013 1.32x CA$731.00 Million CA$962.00 Million ▲ +83.2%
2012 0.72x CA$643.00 Million CA$462.00 Million ▲ +91.4%
2011 0.38x CA$586.00 Million CA$220.00 Million ▲ +196.8%
2010 0.13x CA$933.00 Million CA$118.00 Million ▼ -97.9%
2007 6.07x CA$429.00 Million CA$2.61 Billion ▲ +168.8%
2006 2.26x CA$393.00 Million CA$888.00 Million ▲ +1.0%
2005 2.24x CA$388.00 Million CA$868.00 Million —
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow