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Norwegian Air rises 5%; Pareto cites falling jet fuel prices

By Reuters News

** Norwegian Air shares rise about 5%, extending gains after the airline reported third-quarter results last week

** An analyst from Pareto says the move is driven by falling jet fuel prices, with spot jet fuel down about 6% this week to around $1,500 per tonne

** Based on the move in 2027 jet fuel futures, Pareto estimates the decline would, in isolation, boost its 2027 earnings-per-share forecast for Norwegian by about 8%, highlighting the carrier's sensitivity to fuel costs

** Wednesday's gains added 626.4 million Norwegian crowns to the company's market cap

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