Additional explanations:
2) In sports, there is a number of images relating to breath:
keine Luft mehr haben (to be out of breath) = to be exhausted (to breathe heavily because "there's no air left inside")
Luft zu/für etwas haben = not to be exhausted, still able to do something
Luft zu/für etwas nehmen = even if exhausted, still "take" the air necessary to do something
3) "ziehen" can also mean "to draw" in English (as in "to draw or pull a cart"), and here it's used in the same sense as "to draw conclusions" (Schlüsse ziehen).