The company wants to be a low-cost carrier for business travelers.

For a list of low-cost carriers around the world, click here.

Sam is supposed to present the board with a proposal for a new, low-cost carrier.

British Airways has lost about 10 percent of its market to low-cost carriers.

Beware that you need to book very early with this particular low-cost carrier to get the best deal.

As part of that process, the airline has already said it will sell Go, its low-cost carrier.

Obviously whoever started up this new low-cost carrier thought the name was worth something.

Not every low-cost carrier implements all of the above points.

Many low-cost carriers show a zero cost for some flights.

Competition from low-cost carriers is driving the trend, he says.