International Consolidated Airlines Group S.A (IAG) — Cash Flow Reinvestment Rate
International Consolidated Airlines Group S.A (IAG) has a Cash Flow Reinvestment Rate of 0.62x as of December 2025, reinvesting €1.81 Billion (capex €1.81 Billion ) from operating cash flow of €2.92 Billion. See IAG cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
International Consolidated Airlines Group S.A Cash Flow Reinvestment Rate (2003–2025)
Historical reinvestment intensity for International Consolidated Airlines Group S.A across 20 annual periods. For the full cash flow conversion analysis, see International Consolidated Airlines Grou (IAG) cash flow conversion.
Annual Cash Flow Reinvestment Rate for International Consolidated Airlines Group S.A (2003–2025)
Year-by-year capital reinvestment analysis for International Consolidated Airlines Group S.A. See International Consolidated Airlines Grou (IAG) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.63x | €4.09 Billion | €6.47 Billion | €3.38 Billion | ▼ -24.2% |
| 2024 | 0.83x | €5.32 Billion | €6.37 Billion | €2.82 Billion | ▼ -41.8% |
| 2023 | 1.43x | €6.98 Billion | €4.86 Billion | €3.55 Billion | ▼ -5.5% |
| 2022 | 1.52x | €7.34 Billion | €4.83 Billion | €3.88 Billion | ▲ +70.2% |
| 2019 | 0.89x | €3.57 Billion | €4.00 Billion | €3.46 Billion | ▼ -22.6% |
| 2018 | 1.15x | €3.73 Billion | €3.24 Billion | €2.80 Billion | ▲ +112.3% |
| 2017 | 0.54x | €1.91 Billion | €3.51 Billion | €1.49 Billion | ▼ -70.0% |
| 2016 | 1.81x | €4.79 Billion | €2.65 Billion | €3.04 Billion | ▲ +2.3% |
| 2015 | 1.77x | €3.48 Billion | €1.97 Billion | €2.04 Billion | ▼ -2.7% |
| 2014 | 1.82x | €3.38 Billion | €1.86 Billion | €2.62 Billion | ▼ -20.6% |
| 2013 | 2.29x | €2.79 Billion | €1.22 Billion | €2.20 Billion | ▼ -37.3% |
| 2012 | 3.65x | €1.24 Billion | €339.00 Million | €1.24 Billion | ▲ +162.8% |
| 2011 | 1.39x | €1.07 Billion | €770.00 Million | €1.07 Billion | ▲ +103.1% |
| 2010 | 0.68x | €641.00 Million | €936.00 Million | €641.00 Million | ▼ -69.4% |
| 2008 | 2.24x | €616.44 Million | €275.29 Million | €616.44 Million | ▲ +50.6% |
| 2007 | 1.49x | €788.95 Million | €530.57 Million | €788.95 Million | ▲ +252.5% |
| 2006 | 0.42x | €540.75 Million | €1.28 Billion | €540.75 Million | ▲ +114.5% |
| 2005 | 0.20x | €405.63 Million | €2.06 Billion | €405.63 Million | ▼ -43.9% |
| 2004 | 0.35x | €564.12 Million | €1.61 Billion | €564.12 Million | ▲ +52.1% |
| 2003 | 0.23x | €317.05 Million | €1.37 Billion | €317.05 Million | — |