The German word for "air", luft is used in chess terminology as an abbreviation for luftloch meaning "airhole". The airhole in question is an escape square constructed for the castled king by moving one of the pawns in front of him forward, giving a configuration such as this:

+---+---+---+
|   | P |   |   
+---+---+---+
| P |   | P |   
+---+---+---+
|   | K |   |   
+---+---+---+
This is an effective way to guard against a back rank mate, since in the event of a rook or queen invading the back rank, the king can simply step forward into this hole, thus evading checkmate.