I'm 99% sure it'll be coming the end of this year or first half of next year.
Frontier have been struggling so it would make sense for them to release a title that is guaranteed to shift copies.
100% it is coming in this fiscal year, they have said that in the shareholder updates. That takes us up until June 2025.
My suspicion though is that is was scheduled for this calendar year to get the Christmas sales, but for whatever reason have pushed it back into the next calendar year. They haven't stated a calendar year in their shareholder updates, just a fiscal one, so it is very plausible.
Combined with the fact they did lay off staff late last year, this is going to be a very high profile game for them and the recent, avoidable, disastrous launches of a few games in the same circles of players, Cities Skylines 2 being one, which has done far more damage to the companies reputation than it should have, will be on the minds of Frontier for sure. An avoidable mistake had they not pushed the game out the door too early and spent a bit more time developing it. People have a zero tolerance approach to those tactics these days and companies do suffer financially due to them pushing unfished, buggy messes of games out the door early. This is something Frontier will want to avoid at all costs, I would rather they delay it, if the final game is going to be more polished on release. They will no doubt do that. You wont solve the financial issues by pushing an unfinished buggy game out the door to get income and sales, and then fixing major game breaking bugs in the months later through updates. That doesn't work anymore, your companies reputation will get destroyed in the process, as we have seen time and time again in recent years in the games industry.
It will guarantee sales yes, but the game has to actually be finished and in a working state for that to happen, they could be behind in getting the game to that point.
Even so, it is not a 'delay' as they haven't announced a release date, just a 12 month release window. So it would only be a delay from our own expected release date.