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 What do I need to check in for my flight? What should I do if I lose my tickets? How much baggage is included in my reservation?