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 PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

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. See IAG working capital ratio to evaluate short-term liquidity relative to the company's equity base.

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. For the full company profile including market capitalisation, see IAG market cap.

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