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). Explore reinvestment intensity of Air New Zealand Ltd to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Air New Zealand Ltd (AIZ) cash conversion ratio.
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. Check Air New Zealand Ltd total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |