The Hoops are still searching for their first victory of the season after suffering a 1-0 defeat by Arsenal at The Emirates last weekend, despite holding on for 83 minutes before Mikel Arteta netted a winner.
The loss heaped further pressure on Hughes, with reports linking Harry Redknapp to the Loftus Road position – but the Welshman insisted Fernandes remains very supportive in spite of the club’s disappointing results.
“He’s very upbeat and in great spirits,” said Hughes.
“He’s like the rest of us, the overriding emotion is frustration, but we all feel that we’re very, very close to gaining maximum points and moving up the table.
“We haven’t discussed it [my future]. He’s a great guy to work for – he’s very enthusiastic and supportive.
“He’s been a great help because it’s important to understand the support everyone gets at the club from Tony.
“There’s a business plan and we wants the best for QPR. He knows he’s got people working exceptionally hard to make that happen for him.”
Hughes also revealed that Fernandes was warned at the start of the campaign that QPR might struggle early on as the new players gelled amid a tough run of fixtures against Chelsea, Manchester City and Tottenham.
“He’s of the same mind as everyone else connected with the club, in terms of what we’re trying to do and where we want to take QPR,” added Hughes.
“He knows exactly what the pathway is and we’re all pushing to take this club to the next level.
“Along the way, we need to win Premier League games and we haven’t been able to do that.
“We obviously knew there was potentially a situation which could develop, given the new arrivals and injuries.
“On occasions, we haven’t been able to keep a settled back-four which is the case this weekend.”
QPR face fellow strugglers Reading in a must-win game for both sides at Loftus Road on Sunday.
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