To evaluate the accuracy of airway quantification of adaptive statistical iterative reconstruction (ASIR)-V on low-dose CT using a human lung specimen. A lung specimen was scanned on Revolution CT with low-dose settings (20mAs, 40mAs and 60mAs/100kV) and standard-dose setting (100mAs/120kV). CT images were reconstructed using lung kernel with eleven ASIR-V levels from 0 to 100% with 10% interval. ASIR-V level from 0 to 100% with 10% interval was reconstructed on lung kernel. Wall area percentage (%WA) and wall thickness (WT) were measured. Radiation dose of 20mAs, 40mAs and 60mAs low-dose settings reduced by 87.6%, 75.2% and 62.8% compared to that on standard dose, respectively. Low-dose settings significantly decreased image SNR (p < 0.05) and increased noise (p < 0.001). ASIR-V level exponentially improved image SNR and linearly decreased image noise (all p < 0.001). The mean airway measurement ratios of low-dose to standard-dose were within 2% variation for %WA and within 3% variation for WT. Most %WA and WT values showed no obvious correlation with ASIR-V levels. ASIR-V showed to improve image quality in low radiation dose. However, low-dose settings and ASIR-V strength did not significantly influence airway quantification values, although variation in measurements slightly increased with dose reduction.