PURPOSE: To provide an air conditioner in which an operation of high cooling capacity can be performed while providing a dehumidifying function necessary at the time of cooling.

CONSTITUTION: At the time of cooling, refrigerant is fed to a reheater bypass route 48, and passed to an evaporator 14b without feeding it to a reheater 14a. Thus, high cooling capacity can be obtained. At the time of dehumidifying, the refrigerant can be fed through the evaporator and the reheater. Thus, at the times of cooling, heating and dehumidifying, an air conditioner can be operated by the capacities of an indoor radiator 14 to meet the respective operations.