Zim recorded a net loss of $2,270m in the 3rd quarter, due mainly to a non-cash
asset impairment write down of $2,063m. Adjusted EBIT losses excluding the
non-cash items stood at -$213m for an EBIT margin of -16.7% which places Zim at
the bottom of the carrier EBIT margin rankings for the 2nd consecutive quarter.
Zim will receive a boost to its earnings of over $150m per quarter as a result
of the impairment charge due to lower depreciation expenses going forward but it
will not be enough to l