http://www.sharechat.co.nz/article/3...4-bln-losshtml
Jetstar loses ground in New Zealand.
I also had a quick look at the Qantas horror result and noticed contained therein a mention that there was to be no new routes for Jetstar for the forseeable future or words to that effect...
PS Three other things to know about dividend stripping. Based on a study I've seen approximately 80% of companies share prices regain the initial SP dividend drop within 3 weeks and secondly anyone on an income tax bracket below $48,000 (i.e. tax rate of 17.5%) will normally get a meaningful advantage conferred upon them with fully imputed dividends having imputation credits attached at the company tax rate of 28% and finally the bigger the dividend as a percentage of the stock price, (in this case a whopper at 7%), the more likelihood of dividend stripping being a successful trading strategy :)