CRUISE prices are likely to be kept at lower levels for another month despite volumes holding up for the start of 2009, according to Carnival UK chief executive David Dingle.

Prices are currently lower than those in the market this time last year but Dingle said the company, which comprises P&O Cruises, Princess, Ocean Village and Cunard Line, could sustain a drop in yields of 6%-10% this year without any impact on profits.

Speaking at abreakfast briefing yesterday morning, Dingle said: “We have had a good start to the new year but we would like to see more evidence of how the year will turn out. It's a bit early to say that volumes are strong enough to start easing prices up.” Price levels are likely to be reviewed in a month's time depending on how sales pan out during the peak period, he added.

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