DIS · 10-Q · 2026Q2 · Full report

Cruise Fleet Expansion

Walt Disney Co · 2026-08-05 · Importance 44 · Surprise 58

Disney Cruise Line expanded capacity through the launches of Disney Destiny in November 2025 and Disney Adventure in March 2026. Additional passenger cruise days contributed 10% of quarterly resorts and vacations growth and 8% of nine-month growth. The fleet expansion is described as a new guest offering and contributed to higher operating labor, infrastructure and other operating costs. Cruise capacity therefore remains a meaningful driver of Experiences demand and cost growth.

Key facts

• Disney Treasure launched in December 2024, Disney Destiny in November 2025, and Disney Adventure in March 2026 (ships contributing to passenger cruise days) source
• Increase in resorts and vacations revenue included 10% from additional passenger cruise days, and launches of Disney Destiny in November 2025 and Disney Adventure in March 2026 source
• The projected increase in capital expenditures is due to higher spending at Experiences, attributable to theme park and resort expansion and new attractions, partially offset by lower spending on cruise ship fleet expansion. source