You need to look at the whole picture here , take Carnival the worlds largest holiday company operating around 106 ships including P and O and Cunard , these cruises are not booked like knee jerk holiday in Spain next week , they are booked on the whole 12-18 months ahead thus meaning only short term cruises are cancelled and the price drop . However the futures order book is full , the price dropped from 40 to 23 it will climb back to 40 and eventually depending on oil price back to 55 , it’s simple maths and business . If you do a little research it pays off , and can make a few grand, let’s face it where else can you save any money at a decent interest rate . It’s already turned today .