The fares, available with Thomas Cook Airlines in the UK and Condor in Germany, will be the lowest and most competitively priced flights fares the airline offers, it said in a statement.
Economy, Premium and Business (Condor only) fares will remain the same.
On the example of Manchester to New York, Economy Light would start from £299.99 return and Economy, £359.99 return.
Economy Light fares include a 6kg cabin bag as well as a personal item (such as a handbag). Light fares do not include any hold baggage and check-in is online only.
Customers can choose to tailor their flight and add extras.
The airline added the on-board experience remained the same for all Economy customers, “meaning all can enjoy signature James Martin meals and inflight entertainment”.
Henry Sunley, commercial director, Thomas Cook Airlines, said: “We wanted to ensure that we provide fares that support the different needs of our customers, which can differ from trip to trip.
“Economy Light offers an option for those customers who want less amenities for their journey but want to benefit from fantastic cost savings.
“They are the first fares that we have introduced on a pan-European scale across Thomas Cook Group Airline for our seat-only business.”
Economy Light fares will be available online and through participating retailers for selected long-haul flights from November 1.
Alongside the launch of Economy Light, Thomas Cook Airlines in the UK is also introducing a ‘Flex’ option to its Economy fares.
Adding Flex turns a non-refundable fare into a flexible ticket that allows cancellations and removes penalties and charges for date and route changes.
Sunley added: “Economy Flex fares have been available with Condor for a number of years and are a great option for business and leisure travellers alike.
“We believe that our UK customers will welcome the chance to add extra flexibility to their trip if they wish to.”
