As Australia emerges from the wake of the devastating floods that occurred in Queensland over the last month, business leaders across a variety of sectors are also reeling from the devastation the weather vent left on their profits.

Here’s a roundup of industry leaders who are downgrading profit outlooks because of the floods:

Virgin Blue: On Tuesday, Virgin Blue said the floods and a slowdown in consumer spending could impact the company’s revenue up to $40 million. The airline now expects a net profit in the range of $23 million to $26 million for the half year ending December 31, less than half the $62.5 million earned in the same period a year prior.

Newcrest Mining: The extreme East Coast floods hampered production at Newcrest’s Cadia Valley mine, and eliminated 18,000 ounces of gold there alone. The miner’s Mt. Rawdon and Cracow sites were also affected, bringing the company’s total full-year gold output down by 49,000 ounces. Newcrest Mining is also expecting a 5000-tonne reduction in copper production.

Woolworths: Australia’s largest supermarket chain also downgraded its full-year profit outlook because of the flood impact and an uncertain sales environment. Woolworths now expects annual profit growth of between 5 and 8 percent, compared to its previous forecast of between 8 and 11 percent. “This, combined with uncertainty around the level of inflation going forward, the risks of future interest rate rises, and a continuing strong dollar, provides a platform for a potentially subdued trading environment, particularly in the discretionary areas,” Woolworths said.

On Friday, the federal Treasurer Wayne Swan will give the Treasury's first estimates of the floods’ economic impact.