In this paper, we present a novel robust adaptive neural network-based control framework to address the ride height tracking control problem of active air suspension systems with magnetorheological fluid damper (MRD-AAS) subject to uncertain mass and time-varying input delay. First, a radial basis function neural network (RBFNN) approximator is designed to compensate for unmodeled dynamics of the MRD. Then, a projector-based estimator is developed to estimate uncertain parameter variation (sprung mass). Additionally, to deal with the effect of input delay, a time-delay compensator is integrated in the adaptive control law to enhance the transient response of MRD-AAS system. By introducing a Lyapunov–Krasovskii (LK) functional, both ride height tracking and estimator errors can robustly converge towards the neighborhood of the desired values, achieving uniform ultimate boundness. Finally, comparative simulation results based on a dynamic co-simulator built in AMESim 2021.2 and Matlab/Simulink 2019(b) are given to illustrate the validity of the proposed control framework, showing its effectiveness to operate ride height regulation with MRD-AAS systems accurately and reliably under random road excitations.