In a large mixing bowl, combine 2 cups all-purpose flour, 1/2 teaspoon instant yeast, and 1/2 teaspoon salt. Stir to evenly distribute the ingredients.
Add 3/4 cup warm water to the dry ingredients and mix with a wooden spoon or spatula until a sticky dough forms. Do not knead.
Cover the bowl with plastic wrap or a clean kitchen towel and let the dough rest at room temperature for 1 hour until it has risen and looks bubbly.
After the dough has risen, lightly flour a clean surface and gently shape the dough into a round loaf without kneading.
Lightly grease a small, oven-safe baking dish or cake pan that fits inside your air fryer basket with 1 teaspoon olive oil.
Place the shaped dough into the greased dish and cover loosely with a kitchen towel. Let it rest for another 20 minutes to rise slightly.
Preheat the air fryer to 350°F (175°C) for 3 minutes.
Place the baking dish with the dough inside the air fryer basket. Cook at 350°F (175°C) for 25 to 30 minutes, or until the bread is golden brown and sounds hollow when tapped.
Carefully remove the bread from the air fryer and let it cool on a wire rack for at least 15 minutes before slicing.