In an apparatus and method for measuring air flow in a duct, e.g. in a ventilation duct, the apparatus includes a sensor fittable into connection with the duct at a certain distance from an interference source, the sensor including an ultrasound transmitter and at least two ultrasound receivers, and a control unit to which the ultrasound transmitter and ultrasound receivers are connectable. The control unit is adapted to measure the phase difference of the ultrasound signal received at the same moment in time by at least two ultrasound receivers fitted into connection with the duct and, based on the measured phase difference, to determine the flow velocity and/or flow direction of the air. The control unit is adapted to compensate the determined flow velocity and/or flow direction of the air with a coefficient that is formed on the basis of the diameter of the duct, the type of interference source and the distance between the sensor and the interference source.