Air Canada (AC) — Cash Flow Quality Index
Latest as of March 2026:
37.46x
Air Canada (AC) has a Cash Flow Quality Index of 37.46x as of March 2026. Operating cash flow of CA$1.80 Billion exceeds net income of CA$48.00 Million, indicating high earnings quality where cash backs reported profits. Explore AC cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
37.46x
Operating CF / Net Income
Operating Cash Flow
CA$1.80 Billion
CAD
Net Income
CA$48.00 Million
CAD
Data as of
Mar 2026
Most recent filing
Air Canada Cash Flow Quality Index (2007–2025)
Historical Cash Flow Quality Index for Air Canada across 11 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Air Canada.
Annual Cash Flow Quality Index for Air Canada (2007–2025)
Year-by-year earnings quality comparison for Air Canada.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 5.68x | CA$3.66 Billion | CA$644.00 Million | ▲ +148.5% |
| 2024 | 2.28x | CA$3.93 Billion | CA$1.72 Billion | ▲ +20.4% |
| 2023 | 1.90x | CA$4.32 Billion | CA$2.28 Billion | ▼ -50.9% |
| 2019 | 3.87x | CA$5.71 Billion | CA$1.48 Billion | ▼ -95.9% |
| 2018 | 93.78x | CA$3.47 Billion | CA$37.00 Million | ▲ +6849.9% |
| 2017 | 1.35x | CA$2.74 Billion | CA$2.03 Billion | ▼ -51.2% |
| 2016 | 2.76x | CA$2.42 Billion | CA$876.00 Million | ▼ -58.4% |
| 2015 | 6.64x | CA$2.01 Billion | CA$303.00 Million | ▼ -29.4% |
| 2014 | 9.41x | CA$941.00 Million | CA$100.00 Million | ▼ -92.3% |
| 2013 | 121.83x | CA$731.00 Million | CA$6.00 Million | ▲ +12083.3% |
| 2007 | 1.00x | CA$429.00 Million | CA$429.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.