The Globe and Mail reports in its Friday edition that Citi analyst Stephen Trent has reaffirmed his "buy" recommendation for Air Canada. The Globe's David Leeder writes in the Eye On Equities column that Mr. Trent gave his share target a $4 trim to $28. Analysts on average target the shares at $30.08. With higher jet fuel prices acting as a significant headwind for the entire airline sector, Mr. Trent says, "It is still worth reminding investors that Air Canada has even more international long haul exposure than the U.S. majors." Mr. Trent says in a note: "This, along with continued good momentum in its core domestic market, provide a supportive backdrop for long-term earnings growth. ... On the back of recent 3Q results from Delta and United, international long-haul demand continues to be strong, with United mentioning its Trans-Pacific revenue per available seat mile or RASM was up 4 per cent year-over-year, even though that carrier's capacity was up 86 per cent over the same period. Although higher fuel prices could create some challenges for the carrier, Air Canada's international revenue growth, along with its dominant domestic market position, leave the carrier well positioned over the coming quarters."