Post says RBC analyst has kind words for Air Canada2015-05-13 09:36 ET - In the News The Financial Post reports in its Wednesday edition one analyst says Air Canada ($12.16) is turning into a "quality stock" after another record-setting quarter. The Post's Kristine Owram writes Air Canada has posted its best-ever adjusted net income, operating income, operating margin, passenger revenues and passenger load factor for the traditionally difficult first quarter. This was due in large part to a massive international expansion that Air Canada has undertaken using denser planes, as well as cost-cutting efforts. Air Canada has also reaped the benefit of significantly lower oil prices, but chief executive officer Calin Rovinescu said it is not relying on cheaper fuel to generate future returns. "Our plan is based on delivering a permanently lower cost structure while growing our profitable businesses to enhance shareholder value," Mr. Rovinescu said on the company's earnings call Tuesday. RBC analyst Walter Spracklin said the progress Air Canada has made is turning it into a quality stock. "While we would not (yet) put Air Canada in that 'high quality' camp, we would point to several quality-driven metrics that are not only changing, but transforming," Mr. Spracklin wrote in a note to clients.