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). See working capital to net assets of Qantas Airways Ltd to evaluate short-term liquidity relative to the company's equity base.
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 how well can Qantas Airways Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
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 QAN market cap overview.
| 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 | — |