International Consolidated Airlines Group S.A Free Cash Flow Generation Index

Latest as of June 2026: 0.69x

International Consolidated Airlines Group S.A free cash flow generation index. International Consolidated Airlines Group S.A (IAG) has a Free Cash Flow Generation Index of 0.69x as of June 2026. Free cash flow of €2.92 Billion represents 1% of operating cash flow (€4.22 Billion). Check IAG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

FCF Generation Index

0.69x
Free Cash Flow / Operating CF

Free Cash Flow

€2.92 Billion
EUR

Operating Cash Flow

€4.22 Billion
EUR

Capital Expenditures

€1.30 Billion
EUR

Free Cash Flow Generation Index of International Consolidated Airlines Group S.A (2003–2025)

Free cash flow generation index of International Consolidated Airlines Group S.A from 2003 to 2025. Historical FCF Generation Index trend for International Consolidated Airlines Group S.A across 20 annual periods. Explore International Consolidated Airlines Grou capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

International Consolidated Airlines Group S.A Free Cash Flow Generation Index by Year (2003–2025)

International Consolidated Airlines Group S.A free cash flow generation index by year from 2003 to 2025. Year-by-year Free Cash Flow Generation Index for International Consolidated Airlines Group S.A. For the full cash flow conversion analysis, see IAG operating cash flow.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.48x €3.09 Billion €6.47 Billion €3.38 Billion ▼ -14.4%
2024 0.56x €3.56 Billion €6.37 Billion €2.82 Billion ▲ +105.6%
2023 0.27x €1.32 Billion €4.86 Billion €3.55 Billion ▲ +36.7%
2022 0.20x €960.00 Million €4.83 Billion €3.88 Billion ▲ +48.0%
2019 0.13x €537.00 Million €4.00 Billion €3.46 Billion ▲ +0.0%
2018 0.13x €434.00 Million €3.24 Billion €2.80 Billion ▼ -76.7%
2017 0.58x €2.02 Billion €3.51 Billion €1.49 Billion ▲ +487.6%
2016 -0.15x €-393.00 Million €2.65 Billion €3.04 Billion ▼ -306.1%
2015 -0.04x €-72.00 Million €1.97 Billion €2.04 Billion ▲ +91.0%
2014 -0.41x €-760.00 Million €1.86 Billion €2.62 Billion ▲ +49.2%
2013 -0.80x €-978.00 Million €1.22 Billion €2.20 Billion ▲ +69.8%
2012 -2.65x €-900.00 Million €339.00 Million €1.24 Billion ▼ -579.2%
2011 -0.39x €-301.00 Million €770.00 Million €1.07 Billion ▼ -224.0%
2010 0.32x €295.00 Million €936.00 Million €641.00 Million ▲ +125.4%
2008 -1.24x €-341.15 Million €275.29 Million €616.44 Million ▼ -154.5%
2007 -0.49x €-258.39 Million €530.57 Million €788.95 Million ▼ -184.2%
2006 0.58x €741.13 Million €1.28 Billion €540.75 Million ▼ -28.0%
2005 0.80x €1.66 Billion €2.06 Billion €405.63 Million ▲ +23.7%
2004 0.65x €1.04 Billion €1.61 Billion €564.12 Million ▼ -15.6%
2003 0.77x €1.06 Billion €1.37 Billion €317.05 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).