Flying in a dream often represents freedom, so a dream that you are taking part in an air raid can mean that you want the freedom to punish someone who you feel has done something wrong or who has harmed you in some way.
A dream of taking part in an air raid can mean that you feel that you need the assistance of others in order to get things done.
If you dream that you are being attacked by an air raid, you could feel that you are being bullied by people with more power than you.
An air raid siren in a dream can be a warning of a threat in your waking life.