In order to obtain information regarding changes in the air cushion flow field and load-bearing characteristics of a single row hole air cushion belt conveyor, a structural model of the air cushion of the belt conveyor was established, with the single row hole air cushion belt conveyor as the research object. Firstly, according to the theory of fluid lubrication, a mathematical model of the air cushion was established. Then, the effects of air cushion thickness, pore velocity, and belt velocity on the pressure and bearing characteristics of the air cushion flow field were studied using FLUENT software. In addition, the equivalent stress, displacement, and pressure curves between the air cushion flow field and the conveyor belt and the material were analyzed using the two-way fluid–solid coupling method. Finally, the experimental platform of a single row hole air cushion belt conveyor was built, and the flow field and bearing characteristics of the belt were verified through experiments. The results show that reducing the thickness of the air cushion and increasing the pore flow rate can improve the pressure and bearing characteristics of the air cushion, while speed has little effect at lower belt speeds.