Those codes a generic in nature and it's just saying that by the time the airflow reached the 02 sensors it failed normal parameters being monitored.
It could be a dirty MAF sensor, dirty air cleaner, bad 02 sensor(s)"unlikely! And the list goes on.....
You can start by cleaning you MAF sensor and clear your codes and see what happens.
I got those same codes on my 06 GT and mine was a bad air filter.
Hers a link for you on the MAF.
How to clean a MAF on a Mustang