The R's are currently bottom of the Premier League after picking up just two points from their opening six games, with the latest setback coming on Monday with a 2-1 loss at home to West Ham United.
Hughes insisted after the match that he still had the full backing of the club, and chairman Fernandes has now voiced his support for the manager.
"Mark will sort it out. Look at his record. We would have won (against West Ham) if we didn't go down to 10 men," said Fernandes.
"I am relaxed and confident. Let's get all our players back and in form and then let's see. Think of Spurs.
"Keep calm. Six games does not make a season. I have learnt from many wise chairmen.
"Don't worry. I'm calm and want to build stability which is what most fans want. There are many out there who are clueless."
QPR chief executive Philip Beard has warned results must improve but says it is vital for everyone to get behind Hughes.
He said: "It goes without saying that the start to the Premier League season has not been what any of us would have wanted," he said.
"As I reflect on a challenging start to our second season back in the best league in the world, I simply look back to May 13 2012 and remind myself that if results had been different on that day our last three games might have been against Sheffield Wednesday, Birmingham and Watford instead of sell-out fixtures against Manchester City, Chelsea and Spurs.
"I say this with no disrespect to any of the teams in the Championship, it simply illustrates the difference between the leagues and how important it is to stay focused and get behind Mark and the team.
"The wins will come."
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