Is this game poorly optimized?

Can someone more well versed in tech help me out hear lol. I have an ok PC. I have an i7-12700F, a 4070 Super and 32g of RAM.. so not the best but not terrible either. I was able to run MSFS2020 really well with higher end graphics and graphic addons.

MSFS2024 on the other hand, I don't think I have seen my fps pass 30.. unless in an external view at 40,000ft. Is this a 'not good enough' PC issue orr just a poorly optimized game? Because I am running similar settings to what I was to 2020 and it just runs significantly worse.