New Ships & Transfers Mean Larger Share of Carnival Fleet

Carnival Cruise Line is expanding rapidly with the addition of new ships, transfers from Costa, and two P&O Australia ships. This growth will increase Carnival Cruise Line's representation within the Carnival Corporation fleet by 2028, according to CEO Josh Weinstein during the company’s second quarter earnings call.

“By 2028, the Carnival brand will represent 37% of our portfolio, up from 29%, as we continue to reshape our portfolio to maximize ROIC,” he explained to Wall Street analysts.

Weinstein highlighted the upcoming destination experience, Celebration Key, which is purpose-built for Carnival Cruise Line.

“Our amazing destination experience, Celebration Key, purpose-built for Carnival Cruise Line, will soon support that growth and bolster returns to incremental revenue uplift, coupled with improved fuel efficiency given its strategic location. We’re introducing voyages to Celebration Key beginning in the second half of 2025 and ramp up to 18 ships calling Celebration Key in 2026,” he stated.

He further mentioned that by 2028, Carnival Cruise Line's capacity will have increased by approximately 50 percent compared to 2019.