You don't even need photoshop to modify your boarding pass. (These steps work with Opera, I'm not sure about other browsers) 1. Go to print your boarding pass 2. View source 3. Modify any information (such as adding something to show First Class/A-List/etc) 4. Click Apply Changes to make the changes to the HTML show up in the page 5. Click Print A perfect boarding pass with any information you want. What could someon…
Do you have references that the list is only checked at purchase time? As for the security hole.. you have a credit card under the assumed name as well? If they were smart they could simply flag first time fliers and anyone who flies under a ticket purchased by someone else for extra checks. Cash ticket purchases require real ID at the ticket counter or Western Union and presumably you'd get checked there as well.
The bill still comes to you, but that's on the credit card company's end.