Aviation players beaming with optimism on sector's outlook

KUALA LUMPUR: Aviation industry players are beaming with optimism on the sector's outlook next year, as the current slump in global oil prices will lower airlines' operating cost.

The downtrend in crude oil prices, which fell 47.5% from 2014's peak, would augur well for the sector's earnings and yields especially after the two aviation tragedies involving the disappearance of Malaysia Airlines' (Mas) MH370 on March 8 and the downing of MH17 in eastern Ukraine on July 17.