No, the Amex Cobalt does not offer any free airport lounge access. If airport lounge access is important to you, consider the Amex Platinum, which gets you into over 1,200 lounges globally. The Scotiabank Gold American Express Card is also a great alternative, giving you access to 1,200 airport lounges across over 130 countries with a Priority Pass membership (free for you and one guest with the card).