F. CRUISE CAPACITY
(CONTINUED)

3. COMPOSITE CAPACITY CHANGES 1981-2008 AND CAPACITY UTLIZIATION-2005

In order to keep capacity in line with North American demand, average capacity rose at a rate of 7.6% from 1981 to 2005. Based on current known information, contracted capacity will be increased at an average rate of 4.5% the next four years.