The classical condensation model of water vapor is coupled with the Euler equations to calculate transonic flows of moist air with non-equilibrium condensation. By means of this model, numerical computations are implemented to investigate the aerodynamic characteristics of an NACA 0012 airfoil in transonic flows of moist air at various angles of attack and relative humidities, and the results are compared with those in dry air flows. For different angles of attack considered at 50 % relative humidity, the lift decreases 30 % -40 %.The pressure drag increases when the angle of attack is smaller than 1.4° and decreases when higher than 1.4°. At zero angle of attack,with the relative humidity rising from zero to 90 %, the pressure drag increases exponentially. At 90 % relative humidity, the pressure drag increases 160 %, and self-oscillation takes place periodically and alternately over the upper and lower surfaces of the airfoil. The oscillation is caused by the interactions of local supersonic flow and heat release in the condensation process.