Air France-KLM SA (AF) — Financial Flexibility Index

Latest as of June 2026: 0.05x

Air France-KLM SA (AF) has a Financial Flexibility Index of 0.05x as of June 2026. Free cash flow of €1.97 Billion (operating CF €996.00 Million minus capex €970.00 Million) represents 0% of total liabilities (€38.82 Billion). Check Air France-KLM SA (AF) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.05x
Free Cash Flow / Total Liabilities

Free Cash Flow

€1.97 Billion
Operating CF − Capex

Total Liabilities

€38.82 Billion
EUR

Capital Expenditures

€970.00 Million
EUR

Air France-KLM SA Financial Flexibility Index (2002–2025)

Historical Financial Flexibility Index trend for Air France-KLM SA across 24 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Air France-KLM SA.

Annual Financial Flexibility Index for Air France-KLM SA (2002–2025)

Year-by-year free cash flow to debt coverage for Air France-KLM SA. Explore Air France-KLM SA (AF) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.23x €9.01 Billion €4.56 Billion €38.36 Billion ▲ +15.0%
2024 0.20x €7.22 Billion €3.50 Billion €35.36 Billion ▲ +7.3%
2023 0.19x €6.68 Billion €3.12 Billion €35.07 Billion ▼ -15.4%
2022 0.23x €7.83 Billion €4.86 Billion €34.78 Billion ▲ +107.8%
2021 0.11x €3.74 Billion €1.53 Billion €34.50 Billion ▲ +630.7%
2020 -0.02x €-727.00 Million €-2.83 Billion €35.63 Billion ▼ -108.0%
2019 0.26x €7.27 Billion €3.90 Billion €28.44 Billion ▲ +7.4%
2018 0.24x €6.47 Billion €3.71 Billion €27.19 Billion ▼ -2.3%
2017 0.24x €5.21 Billion €2.90 Billion €21.39 Billion ▲ +22.2%
2016 0.20x €4.31 Billion €2.24 Billion €21.64 Billion ▲ +29.5%
2015 0.15x €3.55 Billion €1.90 Billion €23.06 Billion ▲ +50.2%
2014 0.10x €2.44 Billion €1.01 Billion €23.86 Billion ▼ -11.1%
2013 0.12x €2.67 Billion €1.48 Billion €23.13 Billion ▲ +11.6%
2012 0.10x €2.32 Billion €851.00 Million €22.49 Billion ▼ -34.9%
2011 0.16x €3.37 Billion €934.00 Million €21.22 Billion ▲ +0.8%
2010 0.16x €3.47 Billion €1.35 Billion €22.06 Billion ▲ +170.8%
2009 0.06x €1.30 Billion €-798.00 Million €22.36 Billion ▼ -52.8%
2008 0.12x €2.84 Billion €798.00 Million €23.10 Billion ▼ -50.0%
2007 0.25x €4.93 Billion €2.59 Billion €20.08 Billion ▼ -14.2%
2006 0.29x €5.23 Billion €2.85 Billion €18.26 Billion ▲ +2.6%
2005 0.28x €5.20 Billion €2.66 Billion €18.63 Billion ▲ +11.2%
2004 0.25x €4.09 Billion €1.96 Billion €16.28 Billion ▼ -9.8%
2003 0.28x €2.47 Billion €1.20 Billion €8.87 Billion ▼ -7.1%
2002 0.30x €2.57 Billion €1.11 Billion €8.57 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities