10 Companies That Have Been Slammed By The Terrible Weather

The financial toll global weather conditions have taken on businesses since December are surfacing and the numbers are worse then they have been in years.

It has been a particularly bad winter for airlines with the blizzard earlier this month grounding more than 9,000 flights and an additional 12,801 flights this week.

Airline industry profits took a $145 million hit.

Retailers and restaurants have also suffered from customer loss that have thrown off their earnings projections for the year.

According to a study by IHS Global Insight a single storm can cost retailers more than $23 million in lost business because of poor or impassable roads. Another $17 million of retail business is lost after the storm because customers who lost a day’s pay or racked up extra expenses due to the weather will spend less.

JETBLUE AIRWAYS: Weather dents 4th quarter operations income by about $25 million

Weather impact: The New York-based budget carrier said it was forced to cancel 375 flights this week.

AMERICAN EAGLE: 4th quarter earnings took hit with 31% of its stores being Northeast-based

Weather impact: American Eagle like Aeropostale also took a hit because spring clothing and accessories dominate but these stores were pushing their winter apparel through January.

Comparable sales for the year are expected to go down.

MYRIAD RESTAURANT GROUP: Business on some nights fell up to 50% in January

Weather impact: It has been a tough month for the restaurant group which includes Tribeca Grill and Nobu. Earnings are expected to be below company expectations as severe weather conditions keep customers at home.

AEROPOSTALE: Potential earnings hit with 16% of its stores being Northeast-based

Weather impact: Aeropostale took a hit compared to other teen retailers because of its Northeast locations as well as trying to push its winter clothing lines through January.

Same-store sales in December declined 5% compared to 10% in 2010.

BJ'S WHOLESALE, TARGET: Weather has taken a toll on big box retailers with a lot of their operations in the east

Weather impact: Snow also may have moved customers away from margin enhancing sectors such as apparel and home departments towards food.

On average analysts predict that BJ'S Wholesale will post $0.52 EPS next quarter.

AMR CORP: The parent of American and Eagle airlines reported the most cancellations

Weather impact: Chicago's O'Hare International Airport, which is a hub for American Airlines and the second busiest airport in the U.S., canceled more than 1,800 flights this week.

U.S. Airways Group can celled 531 flights this week with its operations in Philadelphia, New York and Boston the hardest hit. Southwest Airlines also cited 850 cancellations tied to storms this week.

IMAX, REGAL ENTERTAINMENT GROUP: Losing profits on lower ticket sales

Weather impact: theatres that rely soley on moviegoer attendance such as Imax, Cinemark Holdings and Regal are likely to see their profits hit by weak attendance.

DELTA: Cancellations from weather cut its fourth-quarter earnings by $45 million

Weather impact: Delta said it can celled more than 1,175 flights systemwide.

Airlines typically build winter weather delays and cancellations into their annual budgets but large-scale disruptions like consistently bad weather result in lost business and higher operational costs that can hit quarterly earnings.

UNITED CONTINENTAL: $10 million hit to fourth-quarter profit from bad weather

Weather impact: Its United unit canceled 246 flights today and Continental canceled 418.

TNT NV: Harsh weather conditions in Europe made $15 million dent in express division earnings

Weather impact: Weather combined with strikes took a $20 million toll on its mail division.

Want to know how the weather is wreaking havoc on the economy?

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