You can also use Travel Vouchers for other travelers in your reservation, provided that the name on the Travel Voucher exactly matches the name of the passenger on the reservation.
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The flight credits can be used on multiple flights until they are all used. Travel vouchers can be electronic or paper vouchers. Travel vouchers received for the difference between flight exchange can be used only on flights, not on extra bags or other extras.
So the airline has offered you a voucher, which is perfectly legal, but you'd rather just have the cash. You'll need to proactively ask your airline for a cash refund in writing. The same goes for if you've booked through an online travel agency like Expedia. They are also covered under DoT rules.
Airlines usually do not allow you to give your airline ticket to someone else. This is because airline tickets are non-transferable. There are a few reasons for this: Security: Airlines want to make sure that the person who is flying is the person whose name is on the ticket.