Will Norwegian Air Shuttle (OB:NAS) Share Buybacks and New Chair Signal a Shift in Capital Strategy?

• At its Extraordinary General Meeting on November 20, 2025, Norwegian Air Shuttle ASA approved the resignation of Mr. Svein Harald Øygard as Chair and appointed Mr. Dag Mejdell as the new Chair until the 2026 annual meeting, while also launching a share repurchase program on November 17, 2025, allowing buybacks of up to 10% of its issued share capital.
• These developments indicate Norwegian Air Shuttle is focusing on both leadership stability and capital management, with potential implications for shareholder value and corporate direction.
• Now, we'll explore how the launch of a substantial share buyback program could reshape Norwegian Air Shuttle's investment narrative.

Find companies with promising cash flow potential yet trading below their fair value.

Norwegian Air Shuttle Investment Narrative Recap

To be a shareholder in Norwegian Air Shuttle, you need to believe in the company's ability to grow passenger demand in its core Scandinavian markets while efficiently managing operational risks and expansion plans. The recent leadership change and launch of a large share buyback program may signal renewed focus on board stability and shareholder returns, but do not materially alter the key short-term catalyst, continued improvement in operational performance, or the essential risk of aircraft delivery uncertainties that could disrupt capacity and revenue.

Among recent announcements, the share repurchase program stands out. Allowing buybacks of up to 10% of issued capital, the program offers Norwegian Air Shuttle flexibility to manage its capital structure, employee incentives, and potential acquisitions, but it does not directly resolve the ongoing risk of delays or issues relating to new aircraft deliveries, which remain highly relevant to the company’s near-term growth potential.

However, investors should be aware that despite these positive actions, the unresolved uncertainty around aircraft deliveries could...

Read the full narrative on Norwegian Air Shuttle (it's free!)

Norwegian Air Shuttle's narrative projects NOK43.4 billion revenue and NOK2.6 billion earnings by 2028. This requires 5.8% yearly revenue growth and a NOK0.8 billion earnings increase from NOK1.8 billion today.

Uncover how Norwegian Air Shuttle's forecasts yield a NOK18.17 fair value, a 5% upside to its current price.

Exploring Other Perspectives

Seven members of the Simply Wall St Community estimate Norwegian Air Shuttle's fair value between NOK13.01 and NOK78.62. While opinions on value vary widely, disruptions in aircraft deliveries continue to play a key part in shaping future growth and market sentiment.

Explore 7 other fair value estimates on Norwegian Air Shuttle - why the stock might be worth 25% less than the current price!

Build Your Own Norwegian Air Shuttle Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Norwegian Air Shuttle research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Norwegian Air Shuttle research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Norwegian Air Shuttle's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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