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Wikipedia about Airline ticket

Replacement
It is now common for a traveler to pay a surcharge for a paper ticket. Many airlines no longer issue paper tickets. IATA has announced that as of June 1, 2008, airlines will no longer issue any paper tickets.
A paper ticket is generally only good on the airline for which it was purchased. However, an airline can endorse the ticket so that it may be accepted by other airlines, sometimes on standby basis or with a confirmed seat.
Usually the paper ticket is for a specific flight. It is also possible to purchase an 'open' ticket which allows travel on any flight between the destinations listed on the ticket. The cost for doing this is greater than a ticket for a specific flight.
Some tickets are refundable. However the lower cost tickets are usually not refundable and may carry many additional restrictions.
A ticket is made up of one or more flight coupons. These flight coupons are the actual tickets that are used for travel. One flight coupon is used for each leg of the flight.
The carrier is represented by a standardized 2-letter code. In the example above Thai Airways is TG. The departure and destination cities are represented by International Air Transport Association airport codes. In the example above, Munich is MUC and Bangkok is BKK. The International Air Transport Association is the standard setting organization.
Only one person can use a ticket. If multiple people are traveling together, the tickets are linked together by the same record locator or reservation number which are assigned if the tickets were purchased at the same time. If not, most airlines can connect the tickets together in their reservation system. This allows all members in a party to be processed in a group allowing seat assignments to be together (if available at the time of the assignment).
Black market
When paper tickets were still frequently used, a practice existed by travellers to get rid of their tickets (which are person-specific) when they decided to alter the course of their trips. This practice consisted of selling the ticket to other travellers (often at discount prices), after which the seller accompanied the buyer at the time of departure to the airport. Here, the original owner checked in under his name, and provided the airport with the buyer's baggage. After this, the buyer boarded the airplane at the moment of departure. However, since most airlines check identification on boarding, this procedure was rarely functional.
Cheap tickets
Besides simply obtaining airline tickets from travel agencies, online, or at the airport at regular prices, two special types of cheap tickets exist. These include Standby tickets and Discount tickets.
Standby tickets are obtained at the airport itself, only hours before departure. They represent places freed up by people who cancelled their flight shortly before departure (so the airline has free places available, yet can no longer sell it at at regular price because of the shortage of time).























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