Is the new MacBook Air 2022 compatible with the LG Ultrafine 4K Display?

According to the official support page, yes - Using the 23.7-inch LG UltraFine 4K Display with your Mac or iPad - Apple Support

I can tell you that in the last 4-5 days there have been two postings here concerning a blue tint on an LG display. No idea if that's a fluke or a trend. I believe they both were about an Ultrafine.

rcove wrote:

Is the new MacBook Air 2022 compatible with the LG Ultrafine 4K Display?

Depends on which specific model display you are talking about as LG uses the "Ultrafine" moniker across a wide number of models.