Air Canada (AC) — Financial Flexibility Index
Air Canada (AC) has a Financial Flexibility Index of 0.07x as of March 2026. Free cash flow of CA$2.27 Billion (operating CF CA$1.80 Billion minus capex CA$477.00 Million) represents 0% of total liabilities (CA$30.37 Billion). Also explore AC net assets growth trend to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Air Canada Financial Flexibility Index (2001–2025)
Historical Financial Flexibility Index trend for Air Canada across 24 annual periods. Check AC strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for Air Canada (2001–2025)
Year-by-year free cash flow to debt coverage for Air Canada. For the full company profile including market capitalisation, see Air Canada (AC) total market value.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.23x | CA$6.57 Billion | CA$3.66 Billion | CA$28.62 Billion | ▲ +0.7% |
| 2024 | 0.23x | CA$6.57 Billion | CA$3.93 Billion | CA$28.82 Billion | ▲ +13.7% |
| 2023 | 0.20x | CA$5.88 Billion | CA$4.32 Billion | CA$29.38 Billion | ▲ +57.9% |
| 2022 | 0.13x | CA$3.94 Billion | CA$2.37 Billion | CA$31.06 Billion | ▲ +892.3% |
| 2021 | -0.02x | CA$-490.00 Million | CA$-1.56 Billion | CA$30.61 Billion | ▲ +62.2% |
| 2020 | -0.04x | CA$-1.15 Billion | CA$-2.35 Billion | CA$27.20 Billion | ▼ -112.8% |
| 2019 | 0.33x | CA$7.74 Billion | CA$5.71 Billion | CA$23.36 Billion | ▼ -11.4% |
| 2018 | 0.37x | CA$5.67 Billion | CA$3.47 Billion | CA$15.16 Billion | ▲ +4.0% |
| 2017 | 0.36x | CA$5.16 Billion | CA$2.74 Billion | CA$14.36 Billion | ▼ -6.5% |
| 2016 | 0.38x | CA$5.34 Billion | CA$2.42 Billion | CA$13.89 Billion | ▲ +31.5% |
| 2015 | 0.29x | CA$3.83 Billion | CA$2.01 Billion | CA$13.09 Billion | ▲ +41.1% |
| 2014 | 0.21x | CA$2.44 Billion | CA$941.00 Million | CA$11.78 Billion | ▲ +33.1% |
| 2013 | 0.16x | CA$1.69 Billion | CA$731.00 Million | CA$10.87 Billion | ▲ +71.9% |
| 2012 | 0.09x | CA$1.10 Billion | CA$643.00 Million | CA$12.19 Billion | ▲ +53.3% |
| 2011 | 0.06x | CA$806.00 Million | CA$586.00 Million | CA$13.64 Billion | ▼ -35.7% |
| 2010 | 0.09x | CA$1.05 Billion | CA$933.00 Million | CA$11.44 Billion | ▲ +1137.9% |
| 2009 | 0.01x | CA$65.00 Million | CA$-167.00 Million | CA$8.76 Billion | ▼ -90.1% |
| 2008 | 0.08x | CA$781.00 Million | CA$-102.00 Million | CA$10.41 Billion | ▼ -76.9% |
| 2007 | 0.32x | CA$3.04 Billion | CA$429.00 Million | CA$9.37 Billion | ▲ +140.9% |
| 2006 | 0.13x | CA$1.28 Billion | CA$393.00 Million | CA$9.52 Billion | ▼ -4.6% |
| 2005 | 0.14x | CA$1.26 Billion | CA$388.00 Million | CA$8.91 Billion | ▲ +1022.0% |
| 2003 | 0.01x | CA$139.00 Million | CA$139.00 Million | CA$11.06 Billion | ▲ +228.3% |
| 2002 | -0.01x | CA$-95.00 Million | CA$-95.00 Million | CA$9.70 Billion | ▲ +90.7% |
| 2001 | -0.11x | CA$-1.07 Billion | CA$-1.07 Billion | CA$10.20 Billion | — |