Allegiant Travel and JetBlue Airways are both recovering airline stocks with the potential for growth in the current wave of demand for flights. Allegiant Travel achieved its highest-ever annual revenue in 2022, while JetBlue Airways returned to profitability in the second half of the year and achieved its best Q4 operating revenue in company history. While JetBlue has a better price-to-sales ratio and price-to-book ratio, it also has a significantly higher financial debt to EBITDA ratio, indicating that it would take the company nearly twice as long to cover its debts as Allegiant. Therefore, Allegiant Travel stock is viewed as the better buy, although investors should keep a close eye on the company’s gross margin to ensure that the record-high revenues translate into profits.