International Consolidated Airlines Group S.A (IAG) — Cash Flow Quality Index
International Consolidated Airlines Group S.A (IAG) has a Cash Flow Quality Index of 1.43x as of December 2025. Operating cash flow of €2.92 Billion exceeds net income of €2.04 Billion, indicating high earnings quality where cash backs reported profits. Explore International Consolidated Airlines Grou cash conversion from operations to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
International Consolidated Airlines Group S.A Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for International Consolidated Airlines Group S.A across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check International Consolidated Airlines Grou investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for International Consolidated Airlines Group S.A (2003–2025)
Year-by-year earnings quality comparison for International Consolidated Airlines Group S.A. For live market cap and the full company financial profile, see IAG market cap overview.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.97x | €6.47 Billion | €3.28 Billion | ▲ +32.5% |
| 2024 | 1.49x | €6.37 Billion | €4.28 Billion | ▼ -18.5% |
| 2023 | 1.83x | €4.86 Billion | €2.66 Billion | ▼ -52.6% |
| 2022 | 3.85x | €4.83 Billion | €1.26 Billion | ▲ +151.3% |
| 2019 | 1.53x | €4.00 Billion | €2.61 Billion | ▲ +74.1% |
| 2018 | 0.88x | €3.24 Billion | €3.68 Billion | ▼ -31.7% |
| 2017 | 1.29x | €3.51 Billion | €2.73 Billion | ▲ +21.0% |
| 2016 | 1.06x | €2.65 Billion | €2.48 Billion | ▲ +25.4% |
| 2015 | 0.85x | €1.97 Billion | €2.32 Billion | ▼ -53.1% |
| 2014 | 1.81x | €1.86 Billion | €1.03 Billion | ▼ -21.7% |
| 2013 | 2.31x | €1.22 Billion | €527.00 Million | ▲ +56.7% |
| 2011 | 1.48x | €770.00 Million | €522.00 Million | ▼ -34.1% |
| 2010 | 2.24x | €936.00 Million | €418.00 Million | ▲ +278.0% |
| 2007 | 0.59x | €530.57 Million | €895.57 Million | ▼ -71.1% |
| 2006 | 2.05x | €1.28 Billion | €624.73 Million | ▼ -36.1% |
| 2005 | 3.21x | €2.06 Billion | €642.13 Million | ▲ +9.5% |
| 2004 | 2.93x | €1.61 Billion | €548.13 Million | ▼ -58.5% |
| 2003 | 7.07x | €1.37 Billion | €194.42 Million | — |