The blue riband event, which traditionally opens the Alpine skiing at the Winter Olympics, will now take place at 11 am local time (0200 GMT) on Thursday in place of the Super G with the other men's speed race shifting to Friday.
Organizers need to do everything possible to ensure that the Olympic men's downhill is run in good conditions, leading medal contenders said on Friday after high winds disrupted the second training run for Sunday's race.
They did not immediately announce a new date.
Waldner has already said that if the race can not be run it will be moved to Monday, weather permitting. The downhill start is at 4,495 feet altitude.
The scheduling allows FIS to be able to tinker with the line-up, often bringing forward more technical events like slalom and giant slalom which can at a push be raced in heavy snow for instance. They also canceled the downhill training run which was scheduled for Monday in South Korea.
Kim Jong-un invites Moon Jae-in to Pyongyang
Canada, Finland, the Olympics Athletes from Russian Federation , and the United States make up the higher-ranked Group A. The unified Korean team snapped a selfie at the Winter Olympics opening ceremony.
At the 2017 world championships, held in St. Moritz, Switzerland, the men's downhill was delayed by one day and then started lower down the mountain because of fog.
Racers in South Korea want to decide their shot at Olympic gold on the full 1.8-mile (2.8-kilometer) course.
"The jury will make a plan for the next days and we will inform asap".
Innerhofer finished 0.01 second ahead of Kjetil Jansrud of Norway, the bronze medalist four years ago who is widely touted as a gold medal favorite in Pyeongchang.
"I'm thankful to hear that because that's the way it should be in the Olympics".