Boeing's inability to meet delivery timelines for Southwest Airlines not only affects the airline but also poses a risk to Boeing's reputation and future order book. This situation could lead to negative investor sentiment towards Boeing, potentially impacting its stock price in the short term. The severity of the impact would depend on the duration of the delays and the company's ability to address these challenges.

The decision to offer reduced hours to pilots is a direct response to the aircraft delivery delays from Boeing. This move could help Southwest Airlines manage its operational costs more effectively in the short term. However, the impact on the stock price is uncertain as it depends on how investors perceive the cost-saving measures against potential disruptions or limitations in service capacity.