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