Business Rundown: Project Freedom Takes Off, Wheels Down For Spirit Airlines

The United States military is now escorting merchant ships from other nations out of the Strait of Hormuz. Despite threats from the Iranian regime, the U.S. reported that two American-flagged vessels have successfully exited the waterway. FOX Business Network Contributor Phil Flynn is a Senior Market Analyst with the Price Futures Group, he joins FBN’s Gerri Willis to discuss what the outcome of the operation could look like. Plus, Spirit Airlines has gone out of business after decades in the air. Was the closure an effect of soaring fuel prices or an issue that’s been going on for years?