Air New Zealand Ltd (AIZ) — Free Cash Flow Generation Index
Air New Zealand Ltd (AIZ) has a Free Cash Flow Generation Index of -2.25x as of December 2025. Free cash flow of AU$-480.08 Million represents -2% of operating cash flow (AU$213.04 Million). See AIZ net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Air New Zealand Ltd Free Cash Flow Generation Index (2001–2025)
Historical FCF Generation Index trend for Air New Zealand Ltd across 24 annual periods. Explore Air New Zealand Ltd (AIZ) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Air New Zealand Ltd (2001–2025)
Year-by-year Free Cash Flow Generation Index for Air New Zealand Ltd. For the full company profile including market capitalisation, see Air New Zealand Ltd (AIZ) total market value.
| Year | FCG Index | Free Cash Flow (AUD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.17x | AU$160.00 Million | AU$940.00 Million | AU$780.00 Million | ▲ +625.6% |
| 2024 | 0.02x | AU$19.00 Million | AU$810.00 Million | AU$791.00 Million | ▼ -96.5% |
| 2023 | 0.68x | AU$1.25 Billion | AU$1.85 Billion | AU$602.00 Million | ▲ +85.4% |
| 2022 | 0.36x | AU$209.00 Million | AU$574.00 Million | AU$365.00 Million | ▲ +25.9% |
| 2021 | 0.29x | AU$92.00 Million | AU$318.00 Million | AU$226.00 Million | ▲ +117.3% |
| 2020 | -1.67x | AU$-385.00 Million | AU$230.00 Million | AU$615.00 Million | ▼ -1100.3% |
| 2019 | 0.17x | AU$165.00 Million | AU$986.00 Million | AU$821.00 Million | ▼ -22.3% |
| 2018 | 0.22x | AU$222.00 Million | AU$1.03 Billion | AU$809.00 Million | ▲ +281.7% |
| 2017 | 0.06x | AU$51.00 Million | AU$904.00 Million | AU$853.00 Million | ▼ -20.3% |
| 2016 | 0.07x | AU$76.00 Million | AU$1.07 Billion | AU$998.00 Million | ▲ +532.4% |
| 2015 | -0.02x | AU$-18.00 Million | AU$1.10 Billion | AU$1.12 Billion | ▼ -113.9% |
| 2014 | 0.12x | AU$86.00 Million | AU$730.00 Million | AU$644.00 Million | ▼ -76.0% |
| 2013 | 0.49x | AU$368.00 Million | AU$750.00 Million | AU$382.00 Million | ▲ +253.4% |
| 2012 | -0.32x | AU$-151.00 Million | AU$472.00 Million | AU$623.00 Million | ▲ +55.0% |
| 2011 | -0.71x | AU$-331.00 Million | AU$466.00 Million | AU$797.00 Million | ▼ -139.6% |
| 2010 | -0.30x | AU$-99.00 Million | AU$334.00 Million | AU$433.00 Million | ▼ -185.7% |
| 2009 | 0.35x | AU$168.00 Million | AU$486.00 Million | AU$318.00 Million | ▼ -44.0% |
| 2008 | 0.62x | AU$459.00 Million | AU$743.00 Million | AU$284.00 Million | ▲ +190.9% |
| 2007 | -0.68x | AU$-225.00 Million | AU$331.00 Million | AU$556.00 Million | ▼ -10.5% |
| 2006 | -0.62x | AU$-291.00 Million | AU$473.00 Million | AU$764.00 Million | ▼ -427.2% |
| 2005 | -0.12x | AU$-51.00 Million | AU$437.00 Million | AU$488.00 Million | ▼ -118.7% |
| 2004 | 0.62x | AU$291.16 Million | AU$466.86 Million | AU$175.70 Million | ▲ +163.3% |
| 2002 | -0.99x | AU$-55.46 Million | AU$56.25 Million | AU$111.70 Million | ▲ +57.5% |
| 2001 | -2.32x | AU$-339.45 Million | AU$146.31 Million | AU$485.76 Million | — |