Do you have the same issue if you follow the OP’s steps to reproduce it? yes
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Provide extra information to complete the original description of the issue:
Same problem as everyone else, friends see me but I don’t see anyone. All settings have been set as provided by everyone else, including turning off live weather since that constantly would put me on live players instead of all players.
Sometimes if other players leave the aircraft I see them only if I am very close to them, once they return to their aircraft their character stays static on my screen.
I am wondering how many ppl reporting on this purchased the game via steam or ms store. I have it through game pass and Xbox app likes to put me in offline mode. Could this be causing the issue?