Low-cost air carrier
|Term||low-cost air carrier|
An air carrier that has a relatively low-cost structure in comparison with other comparable carriers and offers low fares or rates. Such a carrier may be independent, the division or subsidiary of a major carrier or, in some instances, the ex-charter arm of an airline group.
ICAO (2004) doc. 9626, Manual on the Regulation of International Air Transport
Lexicon Release 2015.2