Rangers failed to return to winning ways in the Championship, as they played out a 1-1 draw with City at the Ashton Gate Stadium.
Junior Hoilett opened the scoring for Rangers against the run of play in the 56th minute, only for Aaron Wilbraham to convert Joe Bryan's cross at the far post in the 80th minute to earn the home team a point.
Fernandes was disappointed with the final result, but he remains optimistic for the rest of the season.
Tough to hit the post then give a goal away. But it’s a tough old league. At least we are unbeaten in 5. Lots of games to go.— Tony Fernandes (@tonyfernandes) December 20, 2015
QPR are 11th in the Championship table at the moment with 29 points from 22 matches.
Jimmy Floyd Hasselbaink’s side are five points behind Ipswich Town, who are currently sixth in the standings and occupy the final playoff spot.