The invention discloses a speed reducing device for retrieving a high-speed flight body with slight damage, and belongs to the technical field of buffer protection. The speed reducing device is a speed reducing device for retrieving the high-speed flight body with slight damage through non-isopycnic air and water mixtures, and the flying speed of the high-speed flight body ranges from 50 m/s to 500 m/s. The speed reducing device is composed of a retrieval box, water, bubbles, a bubble generator, a felt pad, rubber, springs, a water pool and the like, wherein the water, the bubbles, the bubble generator, the felt pad, the rubber and the springs are arranged in the retrieval box, the retrieval box is placed into the water pool, the bubbles are generated by the bubble generator, a buffer and speed-reducing mechanism is formed by non-isopycnic air and water mixture space in the forwarding direction of the flight body from the edge of the front wall of the interior of the retrieval box, a retrieval protection mechanism is formed by the felt pad on the rear portion of the retrieval box, the rubber and the springs, and the water pool is used for recycling water which overflows after the high-speed flight body penetrates through film on an inlet of the retrieval box. The speed reducing device has the advantages that the non-isopycnic air and water mixtures are used for effectively buffering the high-speed flight body, the structure of the flight body is slightly damaged, it can be ensured that the speed of a high-speed flying object is evenly reduced under the condition of small acceleration, the speed reducing device has the advantages of being simple in structure, convenient to use and reliable in retrieval, and the speed reducing device for retrieving the high-speed flight body with slight damage is worthy of application and popularization.