The 2003 Red Bull Air Race World Series was the 1st Red Bull Air Race World Series season. It started on June 28, 2003 and ended on August 20.
In the 2003 season, there were two air race venues only, Zeltweg in Austria and Budapest in Hungary.
Six pilots competed in the first leg. Due to a timing dispute, no points were given. In the second and final round, only three pilots participated. Hungarian Péter Besenyei won the race in Budapest and so the 2003 championship with 6 points. Klaus Schrodt from Germany became second before the American pilot Kirby Chambliss.
| 2003 Red Bull Air Race World Series Race Calendar | |||
|---|---|---|---|
| Leg | Date | Place | Country |
| 1 | June 28 | Zeltweg Air Base |  Austria |
| 2 | August 20 | Tököl Airport, Budapest |  Hungary |
| 2003 Red Bull Air Race World Series Standings and Results | ||||
|---|---|---|---|---|
| Pilot | AUT | HUN | Points | |
| 1 | Péter Besenyei | 1 | 1 | 6 |
| 2 |  Klaus Schrodt | NC | 2 | 5 |
| 3 |  Kirby Chambliss | DNP | 3 | 4 |
| NC | Jurgis Kairys | 2 | DNS | 0 |
| NC |  Paul Bonhomme | 3 | DNS | 0 |
| NC | Steve Jones | NC | DNS | 0 |
| NC |  Alejandro Maclean | NC | DNS | 0 |
Legend: