This just occured to me, but should have been obvious at the start:
If Qubes Air doesn’t use quantum-resistant (or better yet, quantum-proof) cryptography, the whole system is asking for those who want to snoop on you (or Qubes users in general) to copy and store your encrypted data and wait for quantum decryption to be cheap enough.
Quantum-assisted decryption isn’t that far off, if it isn’t here in some form already (the element of surprise it gives is really valuable). It might not even take long enough for statues of limitations to be passed in some places, if legal action is a concern.
In other words, Qubes Air without quantum-resistant (or better) cryptography is very risky.
This also applies to online traffic in general (instant messaging, cloud storage, etc.).