Air Canada (AC) — Cash Flow Quality Index
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 Air Canada strategic investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
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. Check AC tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Air Canada (2007–2025)
Year-by-year earnings quality comparison for Air Canada. For live market cap and the full company financial profile, see market value of 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 | — |