Preheat the oven to 400°F (200°C) or set your air fryer to 390°F. Line a baking sheet with foil and place a wire rack on top.
Pat the wings dry with paper towels. This helps them get extra crispy.
In a large bowl, toss the wings with olive oil, Old Bay seasoning, garlic powder, onion powder, black pepper, and smoked paprika until well-coated.
Arrange the wings in a single layer on the prepared rack or in the air fryer basket.
Bake or air fry the wings for 35-40 minutes, flipping halfway through, until golden and crispy.
Meanwhile, in a small saucepan over low heat, melt the butter, then stir in the honey, apple cider vinegar, Old Bay, and red pepper flakes. Simmer for 2-3 minutes until combined.
Once the wings are cooked, toss them in the honey glaze until fully coated.
Return the wings to the oven or air fryer for an additional 5 minutes to caramelize the glaze.
Remove and serve immediately with extra Old Bay sprinkled on top if desired.