The airport was built by the U.S. Army Air Forces during 1942/43 as an axillary airfield for The Stuttgart Army Airfield, near Stuttgart, Arkansas. When active, the field was known as Stuttgart Army Airfield Auxiliary #5. It was used to help train medium bomber and transport pilots, who used it for emergencies on it or practiced touch-and-go landings. It was not staffed, and at the end of WWII, it was abandoned and the land turned over to local authorities, like many other small auxiliary airfields. The runways in use today were built during that period.

The City of Almyra developed the current airport from the former military airfield. Some of the old wartime runways and taxiways still can be seen, which have not been used since the war ended.

https://en.wikipedia.org/wiki/Almyra_Municipal_Airport