Air Canada (AC) — Cash Flow Reinvestment Rate
Air Canada (AC) has a Cash Flow Reinvestment Rate of 0.27x as of March 2026, reinvesting CA$481.00 Million (capex CA$477.00 Million plus investments CA$4.00 Million) from operating cash flow of CA$1.80 Billion. See Air Canada (AC) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Air Canada Cash Flow Reinvestment Rate (2003–2025)
Historical reinvestment intensity for Air Canada across 18 annual periods. For the full cash flow conversion analysis, see Air Canada cash conversion from operations.
Annual Cash Flow Reinvestment Rate for Air Canada (2003–2025)
Year-by-year capital reinvestment analysis for Air Canada. See AC free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (CAD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.29x | CA$4.72 Billion | CA$3.66 Billion | CA$2.91 Billion | ▲ +26.9% |
| 2024 | 1.02x | CA$4.00 Billion | CA$3.93 Billion | CA$2.64 Billion | ▲ +48.3% |
| 2023 | 0.69x | CA$2.96 Billion | CA$4.32 Billion | CA$1.56 Billion | ▼ -60.1% |
| 2022 | 1.72x | CA$4.07 Billion | CA$2.37 Billion | CA$1.57 Billion | ▲ +103.6% |
| 2019 | 0.84x | CA$4.82 Billion | CA$5.71 Billion | CA$2.02 Billion | ▼ -40.1% |
| 2018 | 1.41x | CA$4.89 Billion | CA$3.47 Billion | CA$2.20 Billion | ▼ -24.5% |
| 2017 | 1.87x | CA$5.11 Billion | CA$2.74 Billion | CA$2.42 Billion | ▼ -13.8% |
| 2016 | 2.17x | CA$5.25 Billion | CA$2.42 Billion | CA$2.92 Billion | ▲ +97.0% |
| 2015 | 1.10x | CA$2.21 Billion | CA$2.01 Billion | CA$1.81 Billion | ▼ -35.4% |
| 2014 | 1.70x | CA$1.60 Billion | CA$941.00 Million | CA$1.50 Billion | ▲ +6.1% |
| 2013 | 1.60x | CA$1.17 Billion | CA$731.00 Million | CA$962.00 Million | ▲ +123.1% |
| 2012 | 0.72x | CA$462.00 Million | CA$643.00 Million | CA$462.00 Million | ▲ +91.4% |
| 2011 | 0.38x | CA$220.00 Million | CA$586.00 Million | CA$220.00 Million | ▲ +196.8% |
| 2010 | 0.13x | CA$118.00 Million | CA$933.00 Million | CA$118.00 Million | ▼ -97.9% |
| 2007 | 6.07x | CA$2.61 Billion | CA$429.00 Million | CA$2.61 Billion | ▲ +168.8% |
| 2006 | 2.26x | CA$888.00 Million | CA$393.00 Million | CA$888.00 Million | ▲ +1.0% |
| 2005 | 2.24x | CA$868.00 Million | CA$388.00 Million | CA$868.00 Million | — |
| 2003 | 0.00x | CA$0.00 | CA$139.00 Million | CA$0.00 | — |