International Consolidated Airlines Group S.A (IAG) — Free Cash Flow Generation Index
International Consolidated Airlines Group S.A (IAG) has a Free Cash Flow Generation Index of 0.38x as of December 2025. Free cash flow of €1.12 Billion represents 0% of operating cash flow (€2.92 Billion). See International Consolidated Airlines Grou (IAG) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
International Consolidated Airlines Group S.A Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for International Consolidated Airlines Group S.A across 20 annual periods. Explore International Consolidated Airlines Grou cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for International Consolidated Airlines Group S.A (2003–2025)
Year-by-year Free Cash Flow Generation Index for International Consolidated Airlines Group S.A. For the full company profile including market capitalisation, see International Consolidated Airlines Grou market cap and net worth.
| 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 | — |