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). Read International Consolidated Airlines Grou (IAG) financial obligations for a breakdown of total debt and financial obligations.
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 reinvestment intensity of International Consolidated Airlines Grou to see what proportion of operating cash flow is directed to capital expenditures.
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 market value of International Consolidated Airlines Grou.
| 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 | — |