The invention discloses an air battery anode aluminum alloy preparation method and an air battery. The method comprises the following steps that industrial pure aluminum, high-purity lanthanum, KBF4 and K2TiF6 are weighed, and the weight percentage of the elements is controlled to be as follows: 5%-10% of Ti, 0.1%-0.5% of B, 0.5%-1% of La, and the balance Al; the industrial pure aluminum is completely melted, a temperature is controlled to be 800 DEG C or above, KBF4 and K2TiF6 powder which is uniformly stirred in advance is pressed into aluminum melt by using a graphite bell jar for uniformlystirring, the temperature is kept constant for 15-30 minutes, then the high-purity lanthanum is added, uniform stirring is conducted, the temperature is kept for 20-40 minutes, and a covering agent is added in a stirring process; the melt is cast into a cast ingot to obtain a grain refiner; the following components are weighed in percentage by weight: 0.05%-0.2% of Zn, 0.2%-0.4% of Ga, 0.01%-0.05% of Sn, 0.05%-0.1% of In, 0.1%-0.2% of Bi, 0.5%-1% of Mg, 0.1%-0.3% of Ce, 0.3%-0.5% of the grain refiner and the balance aluminum; and the aluminum is melted, the Zn, the Ga, the Sn, the In, the Bi,the Mg and the Ce are added for smelting, then the grain refiner is added for refining, casting into a casting blank is conducted, annealing is conducted, rolling into an aluminum plate is conducted,annealing is conducted again, and the annealing time is 30-40 min/mm. The prepared material is used as an anode of an aluminum air battery, so that an open circuit potential can be improved, and theself-corrosion rate can be reduced.