International Consolidated Airlines Group S.A (IAG) — Financial Flexibility Index

Latest as of December 2025: 0.13x

International Consolidated Airlines Group S.A (IAG) has a Financial Flexibility Index of 0.13x as of December 2025. Free cash flow of €4.73 Billion (operating CF €2.92 Billion minus capex €1.81 Billion) represents 0% of total liabilities (€35.31 Billion). Check International Consolidated Airlines Grou investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.13x
Free Cash Flow / Total Liabilities

Free Cash Flow

€4.73 Billion
Operating CF − Capex

Total Liabilities

€35.31 Billion
EUR

Capital Expenditures

€1.81 Billion
EUR

International Consolidated Airlines Group S.A Financial Flexibility Index (2003–2025)

Historical Financial Flexibility Index trend for International Consolidated Airlines Group S.A across 22 annual periods. For the full cash flow conversion analysis, see how efficiently does International Consolidated Airlines Grou generate cash.

Annual Financial Flexibility Index for International Consolidated Airlines Group S.A (2003–2025)

Year-by-year free cash flow to debt coverage for International Consolidated Airlines Group S.A. Explore International Consolidated Airlines Grou debt service capacity to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.28x €9.85 Billion €6.47 Billion €35.31 Billion ▲ +14.3%
2024 0.24x €9.19 Billion €6.37 Billion €37.63 Billion ▼ -0.2%
2023 0.24x €8.42 Billion €4.86 Billion €34.40 Billion ▲ +4.7%
2022 0.23x €8.71 Billion €4.83 Billion €37.28 Billion ▲ +1200.3%
2021 0.02x €603.00 Million €-141.00 Million €33.56 Billion ▲ +138.3%
2020 -0.05x €-1.36 Billion €-3.30 Billion €28.95 Billion ▼ -118.1%
2019 0.26x €7.47 Billion €4.00 Billion €28.83 Billion ▼ -8.6%
2018 0.28x €6.04 Billion €3.24 Billion €21.31 Billion ▲ +12.5%
2017 0.25x €5.00 Billion €3.51 Billion €19.86 Billion ▼ -3.8%
2016 0.26x €5.68 Billion €2.65 Billion €21.71 Billion ▲ +48.2%
2015 0.18x €4.01 Billion €1.97 Billion €22.70 Billion ▼ -21.8%
2014 0.23x €4.48 Billion €1.86 Billion €19.86 Billion ▲ +9.5%
2013 0.21x €3.41 Billion €1.22 Billion €16.56 Billion ▲ +93.1%
2012 0.11x €1.58 Billion €339.00 Million €14.78 Billion ▼ -18.4%
2011 0.13x €1.84 Billion €770.00 Million €14.07 Billion ▼ -16.4%
2010 0.16x €1.58 Billion €936.00 Million €10.07 Billion ▲ +63.9%
2008 0.10x €891.73 Million €275.29 Million €9.33 Billion ▼ -27.0%
2007 0.13x €1.32 Billion €530.57 Million €10.07 Billion ▼ -5.0%
2006 0.14x €1.82 Billion €1.28 Billion €13.22 Billion ▼ -19.1%
2005 0.17x €2.47 Billion €2.06 Billion €14.48 Billion ▲ +17.2%
2004 0.15x €2.17 Billion €1.61 Billion €14.94 Billion ▲ +24.8%
2003 0.12x €1.69 Billion €1.37 Billion €14.51 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities