In my opinion the whole point of FPs (from ACs point of view) is to guarantee instant revenue from high margin customers (for Lat and Exec FPs at least).
So in a way AC is not benefiting from the Asia Pacific routes to the fullest by not using this opportunity to secure these customers in a FP. Like
canolakid mentioned, these customers have a choice of airlines. Why take the risk of losing them - cases like
Dorian's - when by offering a few FP options AC could guarantee their business?
2) "If we buy an Asia Lat FP, we are totally going to fly AC to use the credits."
AC gives you eUps pretty much because it has to (otherwise FFs are not going to be happy). Giving eUps is not equivalent to using eUps. In AC's ideal world, no one should be able to use their eUps. Only revenue J should get to sit in J. AC knows you are going to use your eUps (and will have hoards of eUps if an Asia FP books into M or U), and they definitely don't want that if they can't get milk more money out of you (please see Asia Flex fares for more info).
I think he was talking about pass credits, not eUps. If you buy a FP, it would be dumb not using it.