What is a Low-Cost Carrier (LCC)? Low-Cost Carriers also known as low-cost airlines are budget airlines that offer a cheaper fare but usually have stricter restriction on refunding and frills such as baggage, meals and entertainment. Was this article helpful? Can't find what you're looking for? Inquiry Form Related articles About Airline Baggage Allowances Do I have to confirm my flight booking? How much time prior to the flight departure should I be at the airport? How much baggage is included in my reservation? What do I need to check in for my flight?