Abstract magnetic field sensor of air-gap Fabry–Perot fiber interferometersis proposed based on magnetostrictive effect. The sensor is consisted of single-model fiber (SMF), air-gap, no-core fiber (NCF) and magnetic fluid. Those are sealed in the capillary, SMF and NCF are connect with air chamber and magnetic fluid column. With the presence of an external magnetic field, air chamber cavity length changes because of the magneto-volume variation of magnetic fluids. This situation causes a change in the optical path difference. Detection of the drift of interference spectrum leads to the detection of the change in magnetic field. When the magnetic field is parallel to the direction in which the capillary is placed, the sensitivity is 0.2347 nm/mT; when the magnetic fluid is perpendicular to the direction in which the capillary is placed, the sensitivity is 0.325 nm/ mT. In addition to this new magnetic fluid sensor, a practical detection system is built, which relative error rate is less than 2%.