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Bumpy switch to new models hits Airbus Group profit

* Q3 core profit down bigger-than-expected 21 percent

* Says "working towards" A350 delivery targets (Adds details)

PARIS, Oct 26 (Reuters) - Airbus Group on Wednesday posted lower than expected third-quarter profits led by a faltering performance in its core commercial jet division and continued weakness in the commercial helicopter market, but broadly maintained its 2016 outlook.

Europe's largest aerospace group, which makes Airbus jets and a leading share of commercial helicopters, said quarterly operating profit before one-off items fell 21 percent to 731 million euros ($796 million). Revenues fell 1 percent to 13.95 billion.

Analysts had on average forecast quarterly core operating earnings down 19.3 percent at 743 million euros on revenues up 1.9 percent, according to a Reuters survey.

The Airbus commercial jets...