Norwegian Air Shuttle Stock: Bullish After 21.5% Surge

  • Norwegian Air Shuttle remains undervalued, with improving fundamentals and a 21.5% stock gain since my last buy rating, outperforming the S&P 500. Key risks include rising operating costs, currency fluctuations, and Boeing delivery delays, but cost control and fleet acquisition signal operational strength. Earnings improvement was driven by non-recurring gains and cost efficiencies, though recurring profitability still needs progress; cash flow and debt reduction are positive trends.