Small bubbles in the fluid are not normal.
From the diagram above I highlighed in red the places air can be sucked in. It may be best to replace the hose and clamps since a small hole in the hose can also cause air to be sucked into the pump. I believe all the others are a sealing washer but they can be a copper or a rubber (encased in steel) so not sure which you have. Get new from the dealer and replace. Clean the surfaces and make sure there are no large scratches on the surfaces.
View attachment 167040
If you drain the new fluid out into clean containers you can reuse the oil. I would suggest using paint strainers when draining and then filter it through a filter before using it again. Perhaps a fine micron filter that fits on or in a five gallon bucket would be better like these bags that might work really well.
Amazon.com: 5-Gallon Mesh Filter Bags, 5 Color Fine Nylon Mesh Strainer Bag Set, Reusable Filter Bag for 5 Gallon Bucket, Premium Pressing Screen & Storage Pouch (25 to 220-Micron) : Industrial & Scientific
www.amazon.com
or these that sit on top of the bucket
on edit = added photo I had forgotten to add