United Airlines CEO Jeff Smisek said the U.S. government should establish a national airline policy that is more supportive of airlines and recognizes the value and jobs the industry drives. "In the U.S., theoretically having been deregulated, we’re heavily regulated. I don’t mean safety regulations, which are very important," he said. "Twenty percent of your airfare in the U.S. is taxes. We’re not even permitted to disclose the taxes because the government, I think, is ashamed of the level and amount of regulation."