Although research in the field of lithium-oxygen (air) batteries (LOB) is rapidly developing, few comprehensive studies on the dependence of the catalytic properties of positive electrode materials on LOB test conditions are present. In this paper, the influence of the current density, the type of oxidizer (pure oxygen or air), and a solvent in the electrolyte (DMSO or tetraglyme) on the electrocatalytic properties of PtM/CNT systems (M = Ru, Co, Cr) used as a positive electrode is investigated. It is shown that at a current density of 500 mA/g, more pronounced catalytic effects are observed during the LOB operation than that at 200 mA/g. The obtained results may be explained by the reduced adverse impact of surface passivation with lithium peroxide in the presence of catalysts compared to a similar effect when using unmodified carbon nanotubes (CNT). It is established that the influence of the current density on the catalytic properties continues upon the transition from oxygen to air as an oxidizer. When studying the effect of electrolytes on the catalytic properties of materials subjected to long-term LOB cycling, it is shown that the catalytic effects are most prominent when charged in a tetraglyme medium. Although using a catalyst has practically no effect on the number of cycles for both electrolytes, LOB having tetraglyme exceeds the cyclability of LOB having DMSO.