Key Takeaways Royal Caribbean Cruises Ltd. (RCL) is expanding capacity through a steady pipeline of new ships, aiming to strengthen demand in 2025. The company's strategy centers on moderate capacity growth, with each addition designed to drive pricing power, attract new guests and support yield expansion. Looking beyond 2025, Royal Caribbean plans to introduce seven new ships over the next few years, including Legend of the Seas in 2026, Icon 4 and Celebrity River in 2027, and Oasis 7 and Edge 6 in 2028. T ...