Industry analysts announced their predictions and analysis after the massive flight delays and cancellations this month due to the winter storms in United States.

masFlight, an airline consulting firm, analyzed of the 95,000 industry flight delays and cancellations between 1 and 6 January. masFlight estimated the bitter cold have cost the airlines and passengers $1.4 billion and to passengers $37.60 per hour, or nearly a billion dollars, with an additional cost to airlines of $4,690 per hour, or $452 million.

On the other hand, an analyst from Planalytics Inc. estimated that last week’s storm and cold weather will likely cost the nation $5 billion in lost revenue. “We’re looking at probably a $5 billion impact” that will shave 0.2 percent off the first-quarter gross domestic product, Planalytics Inc. Client Services Account Manager Kristin Drake told CBS News.

Helane Becker, airline analyst with Cowen and Co., said to CNN that the weather would cost U.S. airlines between $50 million and $100 million. Becker said the weather caused about 20,000 flights cancellations nationwide, which she said is 5,000 more flights than were canceled in due to Superstorm Sandy in 2012.