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So you are sucking a lot of cold dry air into your throat and lungs which drys out the natural mucuses that exists there, and causes temporary inflammation and pain. This results in that burning sensation you feel in your throat/chest/lungs, which may or may not be accompanied by wheezing and coughing. It can be quite painful and quite distressing, but usually, it should subside within, hmm, about 15-20 mins after you stop exercising.
Causes of Similar Symptoms to Chest burning sensation. Research the causes of these symptoms that are similar to, or related to, the symptom Chest burning sensation: 1  Skin burning. 2  Chest pain (1053 causes). 3  Chest itch (15 causes). 4  Tingling skin (53 causes). 5  Chest discomfort (64 causes). 6  Diabetes (212 causes).