Titel: Perturbation Theory for Fixed Points of Quantum Channels Abstract: It is clear that if the transition matrix of an irreducible quantum Markov-process has a sub dominant eigenvalue which is close to 1 then the quantum Markov-process is ill conditioned in the sense that there are stationary states which are sensitive to perturbations in the transition matrix. However, the converse of this statement has heretofore been unresolved. The purpose of this talk is to present upper and lower bounds on the condition number of the chain such that the bounding terms are determined by the closeness of the sub dominant eigenvalue to unity. We obtain perturbation bounds which relate the sensitivity of the chain under perturbation to its rate of convergence to stationarity.