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). Explore QAN capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see cash flow conversion of Qantas Airways Ltd.
Annual Free Cash Flow Generation for Qantas Airways Ltd (1994–2025)
Year-by-year Free Cash Flow Generation Index for Qantas Airways Ltd. Check Qantas Airways Ltd (QAN) reinvestment rate 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 | 0.08x | 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 | — |