This can sometimes happen in wysiwyg editors. To correct this:
  1. Edit the formatted text and images part.
  2. Move your cursor to the end of a line of text above where you are seeing unwanted line breaks.
  3. Click delete until the next line of text moves to the end of the first line of text. 
  4. Hit shift + enter to move the second text section onto the next line in the editor. 
  5. Repeat these steps for all sections showing extra line breaks.
  6. Save.