Tracheal intubation has several advantages including maintaining airway patency, allowing for controlled ventilation, and providing a route for anesthesia administration. Potential complications include trauma during intubation, improper tube placement, laryngospasm, and post-intubation soreness. Proper preparation of equipment like laryngoscope blades, endotracheal tubes, and ventilation bags is important. The intubation technique involves positioning the patient, using a laryngoscope to visualize the vocal cords, and guiding the tube between the cords while ventilating and monitoring breath sounds.