Delta Air Lines (DAL) has introduced Basic Business fare options, expanding its "Basic" experience to premium products, the company said Wednesday.

Basic fares are now available for the company's Delta First, Delta Premium Select and Delta One products, giving customers access to premium onboard experience at a lower price, according to the statement.

With the lower price, the Basic Business fares come with lower mileage and reduced checked baggage allowance, among other trade-offs, Delta Air Lines said.