“Today aviation represents 2% of global CO2 emissions,” said IAG’s CEO, Willie Walsh. “We’re investing in new aircraft and innovative technology to reduce our carbon footprint in an industry where there’s no current alternative to jet fuel.”

“In addition to our own initiatives, there must be a global solution and we’re participating in the new United Nations’ aviation offsetting scheme which allows our industry to invest in carbon reduction in other sectors,” Walsh added.

The airline group is pursuing several initiatives to reduce its emissions. Among those, IAG said it will replace older aircraft in its fleet with 142 new aircraft, worth US$27 billion and up to 25% more carbon-efficient, over the next five years.

IAG is also investing $400 million in sustainable jet fuel over the next 20 years, including through British Airways’ partnership with Velocys to build a household waste-to-jet fuel plant in the United Kingdom, with a start-up target of 2024. According to a statement from IAG, the plant will turn household waste into sustainable fuel, producing 70% fewer emissions than fossil fuel.

Several European operators are moving to reduce their carbon footprint, but the green logistics movement is also gaining global traction. Last month, Amazon placed an order for 100,000 electric delivery vehicles while also announcing its new Climate Pledge, aiming to meet the Paris Agreement 10 years ahead of schedule. Kuwait-based Agility Ventures also recently announced an $18 million investment in technologies to make its supply chain more energy efficient.

Management from the airline and representatives of the British Airlines Pilots Association, or Balpa, are meeting in London Friday at the U.K.’s state-backed Advisory, Conciliation and Arbitration Service after the carrier, a unit of IAG SA, failed in a bid to have a court block the strike plans.

Following the ruling on Wednesday, Balpa said it would participate in the talks until the end of the week and, if a deal wasn’t found, give management a required two-week strike notice. Crews have voted with a 93% majority to approve industrial action, which the carrier has said could cost about 40 million pounds ($48 million) per day.

“Our talks with Balpa continue, and we remain open and flexible to find a solution,” BA said in a statement. A representative from Balpa declined to comment on the talks.

The disruption would come at the tail end of the peak season for European travel and could dent IAG earnings. The group reported Friday that BA’s lucrative long-haul routes helped lift second-quarter operating profit 18% to give it the best performance among leading European carriers. The airline is also facing pressure from a possible no-deal Brexit that could dampen travel from the U.K. as consumers cut back spending due to the weakening pound.

IAG Chief Executive Officer Willie Walsh said the group’s other airlines, including Iberia and Vueling in Spain and Ireland’s Aer Lingus, would help in the event of any labor strife at BA. It would also try to benefit from any reduction in capacity if strikes go ahead, he said.

“BA will do whatever they can do to assist the customers,” Walsh said on a call with analysts about results. “The rest of the group will do what they can do to take advantage of the unfortunate situation and support and help BA in their efforts to look after customers.”

“The airfreight industry experienced another challenging year with capacity exceeding demand,” said Willie Walsh, IAG’s CEO. “IAG Cargo continued its focus on strategic partnerships, with an increase in its capacity share agreement with Qatar Airways and a new agreement with Finnair Cargo. Cargo volume measured in tonne kilometers (CTK) decreased 2.9 per cent with a reduction in yield of 3.9 per cent at constant currency. Despite a decrease in CTKs, IAG Cargo grew its volumes in constant climate and prioritized premium products improving its net contribution to the group.”

Net exceptional charges at the operating profit level for the group included property, IT and other items related to the acquisition of Aer Lingus at a cost of €33 million, and British Airway’s €35 million settlement in the 2006 cargo cartel case. After adjusting 2014 figures to reflect a comparable operation, 2015 revenue for the cargo arm of the group including Aer Lingus, decreased 4.6 percent over 2014.

Walsh predicted IAG to generate “an absolute operating profit increase similar to 2015.” Revenue for the first quarter of 2016 appears to be in line with the first quarter of 2015 he said.

The Dublin Airport Authority signed an agreement with construction firm Lynx International Group to establish the hub in 2012. However, in a more recent letter to the Clare County council, Mary Considine, an airport official, confirmed that the project was not moving ahead with Lynx. Considine said the plan had been “hatched in better economic times.”

Richard Cahill, a legislative candidate in County Clare, where the airport is located, said workers have been contacting him with concern about losing their jobs. “They are feeling decidedly nervous about the situation despite recent records showing that Shannon is a more financially efficient operation than its Dublin counterpart,” Cahill said.

Cahill has asked IAG, which bought Ireland’s Aer Lingus in August 2015, to assure Shannon- based staff that the review will not have any effect on their employment. Aer Lingus performs its own cargo handling  operations at Shannon now. He said IAG and Aer Lingus should “state their intentions” for the cargo operation at Shannon Airport. An Aer Lingus spokesman said the airline will review its cargo operations at Shannon next year. IAG stated “under IAG’s structure, Aer Lingus, as well as all the airlines in the Group, is responsible for its own operation.”

There were nine M&A deals made during the quarter with a combined value of $23.6 billion, which is almost 69 percent of total deal value for logistics services Q2 2015. In April, FedEx began its acquisition of express company TNT at a value of $4.8 billion, which was the largest M&A announcement during the three-month period.

Cross-border expansions were key drivers for many of the deals, particularly in advanced economies. Cross-border activity is less significant in emerging economies, the report said, since those companies tend to be smaller and are looking to acquire local competitors to increase market share.

Growth was a key driver as transportation and logistics companies sought to expand their geographical footprint through acquisition. In the airlines industry, United Airlines agreed to buy a 5 percent stake in Brazil’s Azul SA, Delta showed interested in investing in Japan’s Skymark Airlines, and IAG acquired Ireland’s Aer Lingus. Activity by financial investors increased to 44.3 percent in the second quarter, compared to 38.9 percent in the first quarter.

It was also a big quarter for surface transportation, with trucking deals making up 28 percent of overall deal volume, compared to 22 percent in the first quarter. Of course, the FedEx/TNT deal involves a considerable amount of trucks as well. U.S.-based XPO Logistics acquired 67 percent of Norbert Dentressangle of France for $2.86 billion, positioning XPO to become a global supply chain provider.

More than one-third of the deals made in the second quarter were based in the Asia and Oceania regions. Ten of 21 deals announced in these areas were based in China and remained in its local market. PricewaterhouseCoopers predicted that M&A deal activity will continue throughout the year, driven by the strengthening U.S. economy and a strong dollar against other currencies, making cross-border acquisitions by American companies look quite attractive. Gas prices in the United States are down by more than 30 percent from this time last year, with jet fuel down 40 percent, year-over-year, also making acquisitions attractive due to lower expenses.