The Aether Compass is a key item in Final Fantasy XIV, and its location was moved around in the last major expansion, Endwalker. Players returning to FFXIV: Dawntrail might need a reminder of where the Aether Compass can be found, and assigned to the hotbar. Don’t worry, it’s not actually missing from your inventory.
Aether Compass in FFXIV: Dawntrail
To access the Ather Compass, click on the exclamation icon at the bottom right of your HUD to access the Duty Menu. Here, select Collection, and you’ll see the Aether Compass along with other useful items.