The static shape of a drop levitated and flattened by an acoustic standing wave field in air is calculated, requiring self-consistency between the drop shape and the wave. The wave is calculated for a given shape using the boundary integral method. From the resulting radiation stress on the drop surface, the shape is determined by solving the Young–Laplace equation, completing an iteration cycle. The iteration is continued until both the shape and the wave converge. Of particular interest are the shapes of large drops that sustain equilibrium, beyond a certain degree of flattening, by becoming more flattened at a decreasing sound pressure level. The predictions for flattening versus acoustic radiation stress, for drops of different sizes, compare favorably with experimental data.