Qantas Airways Ltd (QAN) — Cash Flow Reinvestment Rate
Qantas Airways Ltd (QAN) has a Cash Flow Reinvestment Rate of 1.09x as of December 2025, reinvesting AU$1.84 Billion (capex AU$1.84 Billion ) from operating cash flow of AU$1.69 Billion. See Qantas Airways Ltd free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Qantas Airways Ltd Cash Flow Reinvestment Rate (1994–2025)
Historical reinvestment intensity for Qantas Airways Ltd across 30 annual periods. For the full cash flow conversion analysis, see Qantas Airways Ltd cash flow conversion.
Annual Cash Flow Reinvestment Rate for Qantas Airways Ltd (1994–2025)
Year-by-year capital reinvestment analysis for Qantas Airways Ltd. See Qantas Airways Ltd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (AUD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.82x | AU$7.73 Billion | AU$4.25 Billion | AU$3.92 Billion | ▲ +9.6% |
| 2024 | 1.66x | AU$5.56 Billion | AU$3.35 Billion | AU$2.67 Billion | ▲ +61.5% |
| 2023 | 1.03x | AU$5.19 Billion | AU$5.05 Billion | AU$2.56 Billion | ▲ +139.2% |
| 2022 | 0.43x | AU$1.15 Billion | AU$2.67 Billion | AU$906.00 Million | ▼ -70.4% |
| 2020 | 1.45x | AU$1.57 Billion | AU$1.08 Billion | AU$1.55 Billion | ▲ +125.8% |
| 2019 | 0.64x | AU$2.04 Billion | AU$3.16 Billion | AU$1.99 Billion | ▲ +9.5% |
| 2018 | 0.59x | AU$2.00 Billion | AU$3.41 Billion | AU$2.00 Billion | ▲ +11.2% |
| 2017 | 0.53x | AU$1.43 Billion | AU$2.70 Billion | AU$1.41 Billion | ▼ -58.2% |
| 2016 | 1.26x | AU$3.56 Billion | AU$2.82 Billion | AU$1.64 Billion | ▲ +80.6% |
| 2015 | 0.70x | AU$1.43 Billion | AU$2.05 Billion | AU$1.38 Billion | ▼ -40.9% |
| 2014 | 1.19x | AU$1.27 Billion | AU$1.07 Billion | AU$1.20 Billion | ▲ +23.9% |
| 2013 | 0.96x | AU$1.36 Billion | AU$1.42 Billion | AU$1.31 Billion | ▼ -23.2% |
| 2012 | 1.25x | AU$2.25 Billion | AU$1.81 Billion | AU$2.22 Billion | ▼ -12.4% |
| 2011 | 1.42x | AU$2.41 Billion | AU$1.69 Billion | AU$2.41 Billion | ▲ +10.1% |
| 2010 | 1.29x | AU$1.69 Billion | AU$1.31 Billion | AU$1.69 Billion | ▼ -4.7% |
| 2009 | 1.36x | AU$1.53 Billion | AU$1.13 Billion | AU$1.53 Billion | ▲ +102.6% |
| 2008 | 0.67x | AU$1.42 Billion | AU$2.13 Billion | AU$1.42 Billion | ▲ +27.4% |
| 2007 | 0.53x | AU$1.24 Billion | AU$2.35 Billion | AU$1.24 Billion | ▼ -30.3% |
| 2006 | 0.75x | AU$1.53 Billion | AU$2.03 Billion | AU$1.53 Billion | ▼ -12.7% |
| 2005 | 0.86x | AU$1.68 Billion | AU$1.95 Billion | AU$1.68 Billion | ▼ -13.3% |
| 2004 | 1.00x | AU$1.99 Billion | AU$2.00 Billion | AU$1.99 Billion | ▼ -56.3% |
| 2003 | 2.28x | AU$2.94 Billion | AU$1.29 Billion | AU$2.94 Billion | ▲ +11.3% |
| 2002 | 2.05x | AU$2.34 Billion | AU$1.14 Billion | AU$2.34 Billion | ▲ +136.7% |
| 2001 | 0.86x | AU$951.10 Million | AU$1.10 Billion | AU$951.10 Million | ▲ +20.0% |
| 2000 | 0.72x | AU$1.15 Billion | AU$1.60 Billion | AU$1.15 Billion | ▼ -30.1% |
| 1999 | 1.03x | AU$1.24 Billion | AU$1.21 Billion | AU$1.24 Billion | ▲ +82.8% |
| 1998 | 0.56x | AU$686.60 Million | AU$1.22 Billion | AU$686.60 Million | ▲ +0.2% |
| 1997 | 0.56x | AU$624.80 Million | AU$1.11 Billion | AU$624.80 Million | ▲ +2.8% |
| 1995 | 0.55x | AU$467.20 Million | AU$853.80 Million | AU$467.20 Million | ▲ +55.8% |
| 1994 | 0.35x | AU$256.00 Million | AU$729.00 Million | AU$256.00 Million | — |