A reduced ticket price is some way off (4)
I believe the answer is:
afar
'is some way off' is the definition.
(I've seen this before)
'a reduced ticket price' is the wordplay.
'reduced' means to remove the last letter.
'ticket price' becomes 'fare' (eg a bus fare).
'fare' with its final letter removed is 'far'.
'a'+'far'='AFAR'
(Other definitions for afar that I've seen before include "Distant parts" , "Unusually distant" , "beyond the horizon" , "Distant, not near" , "Way-out" .)