Qantas Airways Ltd (QAN) — Free Cash Flow Generation Index
Qantas Airways Ltd (QAN) has a Free Cash Flow Generation Index of -0.09x as of December 2025. Free cash flow of AU$-149.00 Million represents 0% of operating cash flow (AU$1.69 Billion). Read Qantas Airways Ltd (QAN) financial obligations for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Qantas Airways Ltd Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for Qantas Airways Ltd across 30 annual periods. Explore QAN capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Qantas Airways Ltd (1994–2025)
Year-by-year Free Cash Flow Generation Index for Qantas Airways Ltd. For the full company profile including market capitalisation, see Qantas Airways Ltd stock valuation.
| Year | FCG Index | Free Cash Flow (AUD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.08x | AU$335.00 Million | AU$4.25 Billion | AU$3.92 Billion | ▼ -61.2% |
| 2024 | 0.20x | AU$680.00 Million | AU$3.35 Billion | AU$2.67 Billion | ▼ -58.9% |
| 2023 | 0.49x | AU$2.49 Billion | AU$5.05 Billion | AU$2.56 Billion | ▼ -25.4% |
| 2022 | 0.66x | AU$1.76 Billion | AU$2.67 Billion | AU$906.00 Million | ▲ +253.5% |
| 2020 | -0.43x | AU$-466.00 Million | AU$1.08 Billion | AU$1.55 Billion | ▼ -215.6% |
| 2019 | 0.37x | AU$1.18 Billion | AU$3.16 Billion | AU$1.99 Billion | ▼ -9.9% |
| 2018 | 0.41x | AU$1.41 Billion | AU$3.41 Billion | AU$2.00 Billion | ▼ -13.5% |
| 2017 | 0.48x | AU$1.29 Billion | AU$2.70 Billion | AU$1.41 Billion | ▲ +14.4% |
| 2016 | 0.42x | AU$1.18 Billion | AU$2.82 Billion | AU$1.64 Billion | ▲ +27.2% |
| 2015 | 0.33x | AU$672.00 Million | AU$2.05 Billion | AU$1.38 Billion | ▲ +378.4% |
| 2014 | -0.12x | AU$-126.00 Million | AU$1.07 Billion | AU$1.20 Billion | ▼ -253.2% |
| 2013 | 0.08x | AU$109.00 Million | AU$1.42 Billion | AU$1.31 Billion | ▲ +133.9% |
| 2012 | -0.23x | AU$-411.00 Million | AU$1.81 Billion | AU$2.22 Billion | ▲ +46.3% |
| 2011 | -0.42x | AU$-715.00 Million | AU$1.69 Billion | AU$2.41 Billion | ▼ -45.0% |
| 2010 | -0.29x | AU$-381.00 Million | AU$1.31 Billion | AU$1.69 Billion | ▲ +17.9% |
| 2009 | -0.36x | AU$-401.00 Million | AU$1.13 Billion | AU$1.53 Billion | ▼ -207.3% |
| 2008 | 0.33x | AU$704.40 Million | AU$2.13 Billion | AU$1.42 Billion | ▼ -30.3% |
| 2007 | 0.47x | AU$1.12 Billion | AU$2.35 Billion | AU$1.24 Billion | ▲ +92.8% |
| 2006 | 0.25x | AU$498.90 Million | AU$2.03 Billion | AU$1.53 Billion | ▲ +79.8% |
| 2005 | 0.14x | AU$267.10 Million | AU$1.95 Billion | AU$1.68 Billion | ▲ +3239.8% |
| 2004 | 0.00x | AU$8.20 Million | AU$2.00 Billion | AU$1.99 Billion | ▲ +100.3% |
| 2003 | -1.28x | AU$-1.65 Billion | AU$1.29 Billion | AU$2.94 Billion | ▼ -22.1% |
| 2002 | -1.05x | AU$-1.20 Billion | AU$1.14 Billion | AU$2.34 Billion | ▼ -869.4% |
| 2001 | 0.14x | AU$149.60 Million | AU$1.10 Billion | AU$951.10 Million | ▼ -51.4% |
| 2000 | 0.28x | AU$447.40 Million | AU$1.60 Billion | AU$1.15 Billion | ▲ +1028.3% |
| 1999 | -0.03x | AU$-36.40 Million | AU$1.21 Billion | AU$1.24 Billion | ▼ -106.9% |
| 1998 | 0.44x | AU$531.80 Million | AU$1.22 Billion | AU$686.60 Million | ▼ -0.2% |
| 1997 | 0.44x | AU$486.00 Million | AU$1.11 Billion | AU$624.80 Million | ▼ -3.4% |
| 1995 | 0.45x | AU$386.60 Million | AU$853.80 Million | AU$467.20 Million | ▼ -30.2% |
| 1994 | 0.65x | AU$473.00 Million | AU$729.00 Million | AU$256.00 Million | — |