Air Canada (AC) — Free Cash Flow Generation Index
Latest as of March 2026:
0.73x
Air Canada (AC) has a Free Cash Flow Generation Index of 0.73x as of March 2026. Free cash flow of CA$1.32 Billion represents 1% of operating cash flow (CA$1.80 Billion). Read AC total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
0.73x
Free Cash Flow / Operating CF
Free Cash Flow
CA$1.32 Billion
CAD
Operating Cash Flow
CA$1.80 Billion
CAD
Capital Expenditures
CA$477.00 Million
CAD
Air Canada Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for Air Canada across 18 annual periods. Explore Air Canada (AC) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Air Canada (2003–2025)
Year-by-year Free Cash Flow Generation Index for Air Canada. For the full company profile including market capitalisation, see AC company net worth.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.20x | CA$747.00 Million | CA$3.66 Billion | CA$2.91 Billion | ▼ -38.0% |
| 2024 | 0.33x | CA$1.29 Billion | CA$3.93 Billion | CA$2.64 Billion | ▼ -48.4% |
| 2023 | 0.64x | CA$2.76 Billion | CA$4.32 Billion | CA$1.56 Billion | ▲ +89.8% |
| 2022 | 0.34x | CA$796.00 Million | CA$2.37 Billion | CA$1.57 Billion | ▼ -47.9% |
| 2019 | 0.65x | CA$3.69 Billion | CA$5.71 Billion | CA$2.02 Billion | ▲ +116.6% |
| 2018 | 0.30x | CA$1.03 Billion | CA$3.47 Billion | CA$2.20 Billion | ▲ +158.2% |
| 2017 | 0.12x | CA$316.00 Million | CA$2.74 Billion | CA$2.42 Billion | ▲ +155.9% |
| 2016 | -0.21x | CA$-500.00 Million | CA$2.42 Billion | CA$2.92 Billion | ▼ -310.9% |
| 2015 | 0.10x | CA$197.00 Million | CA$2.01 Billion | CA$1.81 Billion | ▲ +116.5% |
| 2014 | -0.60x | CA$-560.00 Million | CA$941.00 Million | CA$1.50 Billion | ▼ -88.3% |
| 2013 | -0.32x | CA$-231.00 Million | CA$731.00 Million | CA$962.00 Million | ▼ -202.1% |
| 2012 | 0.31x | CA$199.00 Million | CA$643.00 Million | CA$462.00 Million | ▼ -50.4% |
| 2011 | 0.62x | CA$366.00 Million | CA$586.00 Million | CA$220.00 Million | ▼ -21.9% |
| 2010 | 0.80x | CA$746.00 Million | CA$933.00 Million | CA$118.00 Million | ▲ +115.8% |
| 2007 | -5.07x | CA$-2.18 Billion | CA$429.00 Million | CA$2.61 Billion | ▼ -302.9% |
| 2006 | -1.26x | CA$-495.00 Million | CA$393.00 Million | CA$888.00 Million | ▼ -1.8% |
| 2005 | -1.24x | CA$-480.00 Million | CA$388.00 Million | CA$868.00 Million | ▼ -223.7% |
| 2003 | 1.00x | CA$139.00 Million | CA$139.00 Million | CA$0.00 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).