Usually you earn tokens worth very little with airdrops (but you don't need to do actual work). Bounties it depends, I have earned very little sometimes (worthless) or I have been pleasingly surprised with more than USD 500 worth of tokens. I only do bounties for projects I like and invest myself, it is a way to earn more tokens you like on top of your investment, like the cream on top of the pie.
I am for Bounties because this is the best option to earn,Airdrop can very cheap so I see no reason to waste time on them