Moody’s Investors Service has changed its outlook on the global airline industry to positive from stable as the sharp drop in fuel costs is expected to bolster the sector’s financial performance.

Moody’s forecasts adjusted operating profit margins for the industry of 12 percent to 14 percent in 2015 and 11.5 percent to 13.5 percent in 2016, significantly above its estimate of 8.5 percent to 9.5 percent for 2014.

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