Air Forces Monthly

Air Forces Monthly (AFM) is a military aviation magazine published by Key Publishing Ltd, who are based at Stamford in the English county of Lincolnshire in the United Kingdom. It was established in 1988. It provides news and analysis on military aviation, technology, and related topics.

The Independent newspaper claims that "Air Forces Monthly is widely read in the MoD and in the defence industry, both in Britain and in the US".

In 1997, an AFM report that a military aircraft crash during takeoff at Boscombe Down on 26 September 1994 involved a classified Aurora aircraft prompted denials from the Ministry of Defence and the United States Defense Department.

Sister publications from Key Publishing include Air International, Air Enthusiast, Airliner World, and FlyPast.